Clive Adamson

The Financial Conduct Authority (FCA) on Friday reprimanded consumer credit providers for using irresponsible adverts that lack key information and mislead consumers.

The FCA, which took over responsibility for the financial sector in April, stressed that adverts must be clear, fair and not ambiguous/misleading for consumers.

Britain's financial watchdog has urged Mutual Funds (MFs) to make their fee structures clearer, easier and more consistent as it would encourage people to make more savings for their old age.

The Financial Conduct Authority (FCA) said some MFs didn't provide investors with clear and consistent figures for charges in their prospects, marketing material or on websites.