FCA

Facet declared in default as Voscap are appointed as administrators

Catch up on the big financial advice talking points of the summer

Thomas Kalaris was cleared of fraud charges in 2020

FCA probe welcomed by industry

Regulator has laid out a broad remit for investigation

Study will be launched later in 2024/25

Thomas Llewellyn Kalaris deemed ‘not fit to be a senior manager’

Firms and senior managers to be held accountable for failings

The FCA and its Consumer Duty cited as sources of frustration

It is the first time the FCA has fined an audit firm