FCA restricts IFA after management 'concerns'

In an update posted by the regulator today (5 February), it outlined that AWM must not dispose of any assets or conduct any regulated activities without the regulator's written consent. The FCA said the action follows "concerns" that AWM is not being managed in a way that "ensures that its affairs are conducted in a sound and prudent manner". The restrictions come after the regulator issued a First Supervisory Notice on 22 December 2025. The FCA outlined its concerns and the basis for imposing the restrictions, including: Treatment of customers – the FCA had concerns about the...