Financial Conduct Authority wakes up and and backs our mantra on wealth, but JEFF PRESTRIDGE asks, can the regulator walk the walk?
It appears the City regulator – the Financial Conduct Authority – has finally woken up from its lockdown slumber and decided to go all bold on us. Miracles never cease – I thought it had gone into permanent hibernation (if only the pesky squirrels in my garden would do so).
Last week, the FCA revealed ambitious plans to turn a nation of savers into investors. It also promised to protect investors from scams and warn them away from higher-risk investments (usually involving cryptocurrencies).