Financial Conduct Authority

Charles Randell to step down as FCA and PSR chair in Spring 2022

Charles Randell has asked the Chancellor of the Exchequer to commence the process to appoint his successor as chair of the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR).

Published 15 October 2021

FCA and TPR outline a framework for value for money in defined contribution pension schemes

The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) have published a joint discussion paper on developing a common framework for measuring value for money (VFM) in defined contribution (DC) pension schemes.

Published 16 September 2021

FCA sets out plan to tackle investment harm

The Financial Conduct Authority (FCA) has published a new strategy aimed at giving consumers the confidence to invest, supported by a high-quality, affordable advice market, which should lead to fewer people being scammed or persuaded to invest in products too risky for their needs.

Published 15 September 2021

FCA to move faster to remove unused firm permissions

The Financial Conduct Authority (FCA) has published draft guidance on a new power that allows it to move faster to remove regulatory permissions that are no longer being used by financial services firms.

Published 10 September 2021

FRC heightens pressure on audit firms to split senior roles

The Financial Reporting Council (FRC) is preparing to tighten the governance code for Britain’s biggest audit firms in a move that will increase pressure on EY to split the roles held by its UK leader.

Published 27 August 2021

FCA warns insurance firms over product governance rules deadline

Insurance firms may not be ready to implement new product governance rules there to ensure insurance provides fair value, according to a review published today by the Financial Conduct Authority (FCA).

Published 25 August 2021

FCA receives 2,754 separate allegations of financial misconduct from whistle-blowers

The Financial Conduct Authority (FCA) has received a total of 2,754 separate allegations of misconduct, including fraud, money laundering and compliance complaints, according to official figures.

Published 13 August 2021

FCA proposes changes to streamline decision-making

The Financial Conduct Authority (FCA) is proposing changes to its decision-making process which will enable it to make faster and more effective decisions.

Published 30 July 2021

FCA consults on proposals to boost disclosure of diversity on listed company boards

The Financial Conduct Authority (FCA) has launched a consultation on proposals to improve transparency for investors on the diversity of listed company boards and their executive management teams.

Published 29 July 2021

FCA consults on post-Brexit divergence for PRIIPS regulation

The Financial Conduct Authority (FCA) has set out proposals to change disclosure documents provided to retail investors under the Packaged Retail and Insurance-based Investment Products (PRIIPs) regulation.

Published 21 July 2021

FCA takes action against five debt packager firms

Following a Financial Conduct Authority (FCA) review of the practices of debt packager firms, five firms have stopped providing regulated debt advice until further notice and the FCA has used formal powers to stop another firm from providing regulated advice.

Published 20 July 2021

FCA commits to being a more innovative, assertive and adaptive regulator

The Financial Conduct Authority (FCA) has today made a commitment to be a more, innovative, adaptive and assertive regulator.

Published 15 July 2021

FCA fines Lloyds Bank General Insurance £90m for communication failures

The Financial Conduct Authority (FCA) has fined LBGI (Lloyds Bank General Insurance Limited, St Andrew’s Insurance Plc, Lloyds Bank Insurance Services Limited and Halifax General Insurance Services Limited) £90,688,400 for failing to ensure that language contained within millions of home insurance renewals communications was clear, fair and not misleading.

Published 9 July 2021

FCA, PRA and Bank of England set out plan to improve diversity and inclusion in regulated firms

The Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and Bank of England are seeking views on regulatory plans to improve diversity and inclusion in financial services.

Published 7 July 2021

Fund managers falling short on assessing the value of their funds, FCA review finds

A review of 18 fund managers between July 2020 and May 2021, covering different business models and sizes, found most had not implemented Assessments of Value (AoVs) arrangements that met Financial Conduct Authority (FCA) standards.

Published 6 July 2021