The following is a story of rather remarkable international cooperation and shows the FCA is getting very serious when it comes to Finfluencers as Money Marketing reports.
The FCA has led a coordinated international crackdown on illegal financial promotions from “finfluencers”.
Nine regulators from Australia, Canada, Hong Kong, Italy, the UAE and the UK, took part in a global enforcement effort that began on 2 June 2025.
In the UK, the FCA made three arrests in collaboration with the City of London Police, initiated criminal proceedings against three individuals and invited four others for interview.
Quite a clampdown.
The Pensions Bill was finally published with a handy roadmap bringing the reforms together as Pensions Age reports.
It notes that the Government explained that the timeline for implementation of measures affecting defined contribution (DC) schemes was driven principally by the 2030 date for the minimum size requirement described as a "watershed date" for the vision for the DC market of the future to be in place.
Amid the mostly favourable reviews, former pension minister and LCP partner Steve Webb has said that the reserve power to potentially force an allocation to UK assets set a dangerous precedent as Citywire reports.
There are other big moves in the workplace pensions market.
Corporate Adviser reports on CAPAdata launching a new site and appoints fintech pioneer Sam Seaton as CEO
The new site gives unique visibility of DC pension investment returns, ESG credentials, provider functionality and engagement metrics. If this delivers it will bring significant change to a workplace market already subject to huge regulatory changes we can see above.
Neil Woodford plans to charge up to £70 a month to access portfolio platform, Professional Adviser reports.
Sasha Wiggins, chief executive of Barclays Private Bank and Wealth Management, is calling for a public campaign to promote the benefits of investing.
Writing in FTAdviser, she writes: “Together, government and industry could then better support would-be investors by focusing support on practical steps to build confidence, like badged entry-level investment products, and messaging on simple outcomes that highlights the benefits of investing, not just the risks. Perhaps then, we can become a nation of investors.”
