FCA has published a report looking at how it looks to protect consumers from investment harm. It includes details of applications that have been stopped, and notes that FCA opened nearly 350 supervisory cases involving scams or higher risk investments. It pursued nearly 50 enforcement actions against unauthorised businesses and issued over £80m in fines during 2019 and 2020.
FCA has also published data on the DB pensions transfer market, noting that as a result of its recent actions, 130 firms stopped providing DB transfer advice.
FCA is considering the responses it received to its Call for Input on the consumer investment market.