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  1. 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
  2. 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.
  3. British Steel pension scheme misleading redress offers

    News stories

    Published: 26/01/2023

    Last modified: 28/02/2023

    The FCA are aware that certain firms are making unsolicited offers to former British Steel pension scheme (BSPS) members who have not made complaints.
  4. Consumer warning on pre-paid probate plans

    News stories

    Published: 25/01/2023

    Last modified: 25/01/2023

    We strongly advise you to consider carefully whether a pre-paid probate plan meets your needs and offers value before buying as there are no regulatory protections in place for you.
  5. FCA issues statement of objections to 3 money transfer firms

    Press Releases

    Published: 25/01/2023

    Last modified: 25/01/2023

    In a statement of objections, the Financial Conduct Authority (FCA) alleges that Dollar East (International Travel & Money Transfer) Ltd, Hafiz Bros Travel & Money Transfer Limited, and LCC Trans-Sending Limited (including its parent company Small
  6. FCA highlights areas of focus for firms implementing the Consumer Duty

    Press Releases

    Published: 25/01/2023

    Last modified: 05/12/2025

    With 6 months to go before the Consumer Duty comes into force, the Financial Conduct Authority (FCA) has published a review of how firms are planning to implement the Duty.  
  7. Five individuals face conspiracy to commit insider dealing and money laundering charges

    Press Releases

    Published: 25/01/2023

    Last modified: 05/12/2025

    The FCA has started criminal proceedings against 5 individuals for conspiracy to commit insider dealing and money laundering.
  8. Statement on wind-up of FSCB

    Statements

    Published: 24/01/2023

    Last modified: 24/01/2023

    The Financial Services Culture Board (FSCB) has supported industry in taking huge strides to improve culture following the financial crisis.
  9. Further update to ancillary activities exemption for commodity derivatives

    Statements

    Published: 24/01/2023

    Last modified: 24/01/2023

    In March 2022 we published a statement which provided an update on the ‘market share test’ as set out under Article 2 of UK MiFID RTS 20 relating to the ancillary activities exemption from authorisation as a MiFID investment firm for firms
  10. Short Term Finance Ltd enters Creditors Voluntary Liquidation

    News stories

    Published: 24/01/2023

    Last modified: 24/01/2023

    Customers who have questions should contact Moorfields Advisory Limited, the Joint Liquidators.
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