FCA eyes fresh clampdown with ‘game changing’ consumer duty and beefed up AI March 19, 2024 The Financial Conduct Authority (FCA) said it is looking to tighten enforcement of its “game-changing” consumer duty rules and will ramp up its use of artificial intelligence today as it laid its priorities for the year ahead.
FCA fines advice firm for pushing pensioners to drop defined benefit scheme March 11, 2024 Inspirational Financial Management, provided "unsuitable pension transfer advice" between 2015 and 2017 as they only collected fees if the pensioners transferred schemes.
London Stock Exchange to list crypto derivatives for institutional investors March 11, 2024 The London Stock Exchange has said it will be accepting applications for crypto exchange-traded notes (ETNs), after the Financial Conduct Authority lifted its ban on the instruments for institutional investors. ETNs are similar to exchange-traded funds (ETFs), but they rely on unsecured debt securities issued by a bank, meaning that they do not directly hold [...]
FCA urges Brits to ‘make money work harder’ by shopping around for savings rates February 27, 2024 Banks came under intense pressure from politicians and regulators last year for failing to pass through the Bank of England's rate hikes into savings products.