Tip off take off: Calls to FCA whistleblower hotline still rising

Calls to the Financial Conduct Authority's (FCA) whistleblower hotline to report malpractice are continuing to rise, according to figures obtained by investigations firm Kroll.

In November IFAonline reported figures from law firm RPC for the eight months to last August that showed a 23% increase in tip-offs. Kroll's more recent figures - for the period of Novemebr 2012 to October 2013 - reveal that number has increased further to a 35% rise in calls to the hotline last year. The FCA received 5,150 tip-offs during that period, up from 3,813 over the same time in the previous year. The number of new cases created by the FCA was up by 72% in the third quarter of 2013, compared with the same period in 2012, rising from 148 to 254. Kroll managing director B...