The firm took £2.8m as deposits under loan agreements and/or as part of an unauthorised collective investment scheme.

The tool aims to help advisers fulfil the consumer understanding outcome of the FCA’s Consumer Duty.

62% of mis-selling and suitability complaints were upheld compared with 49% the previous year.

The FCA recently launched a review innto how firms approach and treat customers in vulnerable circumstances.

The inquiry will consider digitisation, a potential ban on referral fees, and a mandatory professional qualification for estate agents.

FCA warns firms and finfluencers to keep their social media ads lawful.

The panel agreed that a number of developments needed to occur to unlock the full potential of the market for advisers.

The FCA has provided the first publication of data from firms who have signed up to the Government’s Mortgage Charter.

The regulator found that some firms were not taking account of the needs of their customers.

The regulator has decided on a £5.95m fine and industry ban for Nailesh Teraiya in latest cum-ex case.