FCA enforcement to become 'assertive, proactive and intrusive'

Speaking at the Personal Investment Management & Financial Advice Association's Consumer Duty Conference yesterday (28 February), Shoosmiths partner Daren Allen said we are going to see a lot of activity on the enforcement side from the regulator.  "It will challenge firms," he warned. "When it comes to FCA enforcement action, for some it is only a matter of time." Allen added that charging is likely to be a key focus for the regulator. He then referenced FCA director of cross cutline policy and strategy Nisha Arora who said on 1 November 2023: "You can expect us to take robust act...