News stories

FCA forces firms to stop making misleading British Steel Pension Scheme offers
News stories Published: 22/02/2023 Last modified: 22/02/2023
The FCA have formally required two firms, Abbey Lane Financial Associates Limited and Estate Capital Financial Management Limited, to stop making these offers.

Expression of interest for Synthetic Data Expert Group
News stories Published: 15/02/2023 Last modified: 15/02/2023
The FCA is looking for panel members to join its new Synthetic Data Expert Group, a sub-group of the Innovation Advisory Group (IAG). We believe that synthetic data has a role in enabling enhanced capabilities to protect consumers and encourage

Co-Chairs of the Joint Regulatory Oversight Committee welcome the Strategic Working Group report
News stories Published: 15/02/2023 Last modified: 15/02/2023
The FCA, as co-chair of the Joint Regulatory Oversight Committee (the committee), a cross-authority taskforce responsible for, among other things, thinking about the future vision and governance of open banking, welcomes the Strategic Working Group

Restrictions placed on Campbell & Associates Independent Financial Advice Ltd
News stories Published: 10/02/2023 Last modified: 10/02/2023
The FCA has imposed restrictions on the firm preventing it from carrying out any regulated activities and restricting access to its assets.

British steel pension scheme misleading offers - update
News stories Published: 07/02/2023 Last modified: 07/02/2023
On 26 January the FCA set out concerns about an emerging practice where some firms were making unsolicited offers to former BSPS members, ahead of the redress scheme which begins on 28 February.

FCA appoints members to new Innovation Advisory Group
News stories Published: 02/02/2023 Last modified: 06/02/2023
The members of our Innovation Advisory Group (IAG) will join as the group meets for the first time in February. 

FCA confirms appointment of Chair of the Payment Systems Regulator
News stories Published: 01/02/2023 Last modified: 01/02/2023
Aidene Walsh has been appointed Chair of the Payment Systems Regulator for a three-year term. 

The FCA and Practitioner Panel joint survey for 2023 launches
News stories Published: 01/02/2023 Last modified: 01/02/2023
The FCA and Practitioner Panel 2022/23 survey is being sent to a sample of regulated firms, to gather their feedback on how we are doing in regulating the industry.

Restrictions placed on Nexus Independent Financial Advisers and Nexus Investment Managers
News stories Published: 31/01/2023 Last modified: 31/01/2023
On 25 January 2023, the FCA imposed a number of restrictions on Nexus Independent Financial Advisers and Nexus Investment Managers preventing them from carrying out any regulated activities and restricting access to their assets due to concerns

FCA reappoints Chair of the Financial Ombudsman Service for a second term
News stories Published: 30/01/2023 Last modified: 30/01/2023
Baroness Zahida Manzoor CBE has been reappointed as Chair of the Financial Ombudsman Service.