Who are the Financial Conduct Authority (FCA)?

The Financial Conduct Authority (FCA) are the organisation responsible for regulating the financial services industry in the UK. The FCA approved mynestegg to operate as a business in 2024.

How does the FCA protect clients, and what role do compensation schemes like the FSCS play?

Whilst the FCA aims to provide protection to clients through strong regulation, they do not provide protection from a financial perspective. Instead, this is left to the Financial Services Compensation Scheme (FSCS). For more information on this, please look at the FSCS under the section 'About mynestegg'.

How does the FCA regulate financial service businesses to ensure fair and transparent operations that benefit consumers?

The role of the FCA is to provide protection to clients by keeping the industry stable and promoting healthy competition between financial service providers. The FCA works with HM Treasury.