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FCA received more than 24,000 reports of unauthorised activities last year

FCA identifies 30,000 instances of unregulated activity in last 12 months Calls for more cash to fund scam prevention campaigns The FCA has called for more money into tackling pension scams. The regulator identified 30,000 instances of unregulated activity in the last year and needs more investment to better tackle pension scams, FCA executive director of enforcement and market oversight Mark Steward told MPs. Speaking to the Work and Pensions Committee today (6 January) about tackling pension scams, Steward (pictured) said the Financial Conduct Authority (FCA) has received 10,000 investment...

Andrew Bailey, former FCA chief executive, meets LCF protesters outside its offices in December 2019 Financial regulations must urgently be overhauled and loopholes closed to avoid another London Capital & Finance-style scandal costing investors their life savings, City grandees, MPs and campaigners have warned. Mel Stride, chair of the Treasury select committee said that he was concerned that other companies could use LCF as a blueprint to exploit consumers. The Financial Conduct Authority has been told it must seek further powers following the publication of a damning report into the LCF...