FCA to ratchet up use of competition powers

Earlier this year, the FCA appointed Sheldon Mills, currently senior director, mergers and state aid at the CMA, as the new director of competition at the FCA.

According to a statement from the FCA at the time, Mr Mills will be tasked with delivering market studies, for example those currently ongoing into the mortgage and wholesale insurance brokerage market, and will "assume responsibility for the FCA’s activities to enforce prohibitions on anti-competitive behaviour within the financial services industry".

Find out more

To find out how the FCA's focus on competition will affect the industry, read the cover story in this month's Money Management magazine, which qualifies for an indicative 40 minutes' worth of CPD. 

Simoney Kyriakou is deputy editor of Financial Adviser