Whistleblowers make financial misconduct allegations to FCA

Around £190m in financial penalties had been handed out

clock • 2 min read
Whistleblowers make financial misconduct allegations to FCA

A total of 2,754 separate allegations of misconduct, including fraud, money laundering and compliance complaints have been logged with the Financial Conduct Authority (FCA), with 184 individuals and firms currently under investigation for carrying out unauthorised business.

The data from FCA's newly published Annual Report and Accounts 2020/21, analysed by a Parliament Street think tank, details the allegations, which were provided by a total of 1,046 whistleblowers i...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

State pension connects to dashboards ecosystem

State pension connects to dashboards ecosystem

Over 20 million pension records have been connected to the architecture

Holly Roach
clock 09 July 2025 • 2 min read
BoE governor opposes government plans to mandate pension scheme investment

BoE governor opposes government plans to mandate pension scheme investment

Andrew Bailey has said he does not support mandation, with the industry suggesting this will be ‘unwelcome’ at the DWP

Holly Roach
clock 09 July 2025 • 1 min read
News Digest: Is the UK's triple lock pension the carousel that won't stop?

News Digest: Is the UK's triple lock pension the carousel that won't stop?

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 09 July 2025 • 1 min read
Trustpilot