Compliance Monitor

A consultation has been launched that proposes from 2028 to include performance as a top-line issue in the regulation of Defined Contribution (DC) pension schemes.

The FCA has succeeded in obtaining a confiscation order against Andrew Currie, a year after it was granted permission for one against his brother Peter.

Firms selling products at the complex end of the exchange traded products (ETPs) market are instructed by the FCA to review their procedures after it found "unclear disclosures" and other issues in an examination of practices by a range of wealth managers of different sizes.

A consultant in the oil and gas industry has been fined £309,843 for insider trading after some of his share trading transactions were reported to the FCA as STORs, (Suspicious Transaction and Order Reports).

The Upper Tribunal has confirmed an FCA ban and £2 million fine against a pensions adviser whose misconduct was deemed by the regulator to be "the worst we saw out of all the British Steel Pension Scheme cases".