Mansion Park Limited (in liquidation) executives, Mr Dickinson and Mr Allen, have been banned from giving financial advice and must each pay over £70,000 to the Financial Services Compensation Scheme as a result of providing unsuitable pension transfer advice.
FCA's new powers are an important step towards ensuring reasonable access to cash deposit and withdrawal services across the UK.
The FCA has fined Toni Fox and David Price for their part in a flawed pension advice process and banned them from carrying out any regulated activity, pending the determination of the case by the Tribunal.
Direct Line Group is conducting a review to identify and correct instances of overcharging of customers for motor and home insurance, and will contact affected customers directly.
The FCA is conducting a review to ensure that domestic Politically Exposed Persons (PEPs) are treated fairly by financial services firms.
The FCA is analysing the information banks and building societies have provided in regards to the value of their saving products, with updates to be published this autumn, alongside a 14-point action plan for ensuring people can access a competitive savings market.
The FCA has found that while some fund managers have better practices in place, some still require improvement in value assessments for investors, with boards and senior managers responsible for ensuring they are focused on offering better value for money.