The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom.
The FCA is financed by charging fees to members of the financial services industry such as banks, insurance companies and financial advisers like Teachers Financial Planning.
The FCA regulates financial firms providing services to consumers and it’s duty is to maintain the integrity of the UK’s financial markets.
It focuses on the regulation of conduct by both retail and wholesale financial services firms. The predecessor of the FCA was the Financial Services Authority or FSA and was established as an independent entity by The Financial Services & Markets Act.
Firms wishing to provide advice to consumers must be regulated by the FCA – it is a serious criminal offence for an individual or a firm to provide investment advice to retail consumers without appropriate permissions from the FCA in place.
It is possible to search the FCA register to see if either a firm or an individual is authorised to give advice.
Teachers Financial Planning Ltd is an appointed representative of LJ Financial Planning Ltd and you can find Teachers Financial Planning on the FCA register here; and LJ Financial Planning on the FCA register here.