FCA pours £5m into laptops for hybrid working

Move follows watchdog's warning on remote working

Pedro Gonçalves
clock • 3 min read

The Financial Conduct Authority (FCA) has spent more than £5m on new laptops and mobile phones to support remote work, including 307 Samsung phones and 39 iPhones.

Data obtained using the Freedom of Information (FOI) method and analysed by the Parliament Street think tank showed that between April 2021 and August 2021, a total of 5,850 new laptops were purchased by the financial watchdog. The FCA's move to scale up its digital capability comes following its own recent warning about the danger of remote working for businesses, when the watchdog made recommendations for firms using a remote or hybrid employment model. According to the guidelines, companies will be assessed by the FCA and must demonstrate that remote working does not hinder their c...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Regulatory necessity: Why data is no longer a 'nice to have'

Regulatory necessity: Why data is no longer a 'nice to have'

Client-led, data-driven

Paul Bruns
clock 01 July 2025 • 5 min read
Targeted Support: One-off firm costs could approach £69m

Targeted Support: One-off firm costs could approach £69m

One firm estimated IT costs of £1m a year alone

Jen Frost
clock 01 July 2025 • 3 min read
Holly Mackay on targeted support: Do you want fries with that?

Holly Mackay on targeted support: Do you want fries with that?

'This does not compete with financial advice. It's an early stepping stone on the advice journey'

Holly Mackay
clock 30 June 2025 • 4 min read