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

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Defined Contribution

Fears high turnover culture exacerbates small pots issue

Fears high turnover culture exacerbates small pots issue

Zedra calls on employers to be more aware of the affects of employment trends on DC

Hope William-Smith
clock 09 August 2022 • 2 min read
Illiquids should be in DC defaults, industry agrees

Illiquids should be in DC defaults, industry agrees

Overarching sentiment that inclusion is dependent on scheme size and make up

Hope William-Smith
clock 03 August 2022 • 2 min read
Industry Voice: Helping DC schemes go private

Industry Voice: Helping DC schemes go private

Blackrock
clock 29 July 2022 • 3 min read
Trustpilot