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.

The FCA is seeking to understand whether consumers most susceptible to harm are receiving good outcomes.

The regulator has also banned a director and adviser at the firm.

The Group has appointed membership from across the advice sector.

The regulator has warned that the ‘clock is ticking’ on implementation of the second phase of Consumer Duty.

The regulator will publish updates on investigations as appropriate and be open about when cases have been closed with no enforcement outcome.

Almost a third of consumers who have heard of Consumer Duty feel they had received less clear financial advice in the last six months.

Chet Velani, managing director at EV, looks at the FCA’s upcoming thematic review of retirement income advice and why the review should act as a wake up call to advisers around...