FCA whistleblowing: Retail investments in top three sectors for cases

Watchdog opened 205 retail investments whistleblowing cases last year

Jen Frost
clock • 4 min read

The Financial Conduct Authority (FCA) opened 205 whistleblowing cases relating to the retail investments sector last financial year, a Professional Adviser Freedom of Information (FOI) request has shown.

This puts retail investments in the top three sectors for most FCA whistleblowing cases opened, behind retail lending (241) and retail banking (236). Investment management also saw 109 whistleblowing cases opened against firms in the sector, ranking it in sixth position behind general insurance and protection (161) and wholesale financial markets (170). In total, the FCA opened 1,190 whistleblowing cases in the previous financial year, spanning from 1 April 2024 to 31 March 2025. This was slightly higher than the number of reports received, at 1,131, which the regulator noted in its F...

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

Failed financial advice firms tracker

Failed financial advice firms tracker

Firms that the FSCS has confirmed as failed since the start of 2023

Professional Adviser
clock 03 September 2025 • 1 min read
Targeted support regime welcome but rules need 'adjustments'

Targeted support regime welcome but rules need 'adjustments'

Advisers, providers and trade bodies call for clarity as consultation closes

Sahar Nazir
clock 29 August 2025 • 4 min read
SMCR reform needs efficiency without sacrificing accountability

SMCR reform needs efficiency without sacrificing accountability

'If we lose sight of the SMCR's fundamental purpose we risk undoing years of progress'

Shaun Hurst
clock 28 August 2025 • 4 min read