October 2023: Month in review with senior reporter Isabel Baxter

Policy watch… The FCA began the month by writing to platform bosses about its concern over fees not being properly disclosed in a ‘Dear CEO' letter.   The watchdog the day after then banned incompetent IFA Simon Hughes over British Steel advice and made him pay £158,000 to the Financial Services Compensation Scheme to contribute to redress due to his clients. Looking at its own operations, the regulator admitted black employees face slower career progression and that it has 'more work to do' to achieve targets. Although it has recently achieved parity between male and female represe...