FCA receives 210 whistleblower complaints over Consumer Duty in Q1

Closed 265 whistleblowing cases between January and March

Michael Nelson
clock • 2 min read

The number of new whistleblowing reports filed with the Financial Conduct Authority jumped to 355 in the first quarter of 2026, according to figures released by the regulator.

This was up from 281 reports in the same period last year and Q4 2025, respectively, as wrongdoing with regards to Consumer Duty received the greatest number of allegations at 210. Grievances about the behaviour, conduct and integrity of senior managers and leadership followed with 173 allegations, while systems and controls received 113 allegations of wrongdoing. Within the 355 reports, 906 allegations were made against a refined list of subjects, introduced by the FCA in January 2026 to improve clarity and be more informative with the detail it provides. Between January and March...

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

FCA obtains £452,000 confiscation order in Ponzi fraud case

FCA obtains £452,000 confiscation order in Ponzi fraud case

Confiscation order against convicted fraudster Daniel Pugh

Sophia Panayi
clock 08 June 2026 • 1 min read
Two arrested over suspected £153m TikTok tax scam

Two arrested over suspected £153m TikTok tax scam

Accused of promising financial rewards for personal details

Jen Frost
clock 04 June 2026 • 2 min read
FCA warns Premier League clubs on unauthorised financial firm sponsorship deals

FCA warns Premier League clubs on unauthorised financial firm sponsorship deals

'Questionable deals' could put fans’ cash at risk

Jenna Brown
clock 03 June 2026 • 3 min read