All the updated news related to Financial Services

All the news related to Financial Services updated in real time

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Tipperary lodged 126 complaints to Financial Services and Pensions Ombudsman last year

The office of the Financial Services and Pensions Ombudsman received 126 complaints from people in Tipperary in 2021, according to its latest overview of complaints. While the overview does not detail the type of complaints received from the Premier ...

29 Mar 2022 at 14:33

City

Many pension savers do not know whether they have protection if a firm goes bust

Two-fifths of pension savers have never checked whether their money is protected by a body which compensates people when firms go bust. Some 40% of those saving into a pension have not checked whether their pension is protected by the Financial ...

26 Jan 2022 at 01:26

City

Cashback in shops ‘not enough on its own to plug gaps in fragile cash system’

Nearly half of people are unlikely to request cashback at the till in shops and such initiatives will not be enough on their own to plug gaps in the UK’s “fragile” cash system, according to Which? A survey carried out for the consumer group ...

18 Jan 2022 at 01:26

City

Woodford investors to share £235m compensation payment

About 300,000 investors who lost out when Neil Woodford’s investment fund started to unravel are set to be paid compensation of up to £235 million from the fund’s administrator after a deal with the City watchdog. The Financial Conduct ...

20 Apr 2023 at 12:14

City

MPs launch inquiry into sexism in the City after sector rocked by scandals

A group of MPs have launched a probe into sexism and misogyny in the City after recent months have unveiled sexual assault allegations by female staff members at influential businesses. The Treasury Committee, which scrutinises the ...

14 Jul 2023 at 11:41

Personal Finance

Banks will be required to reimburse APP scam victims from next year

New rules compelling banks to reimburse scam victims who have been tricked into paying fraudsters will come into force next year, a regulator has said. Most victims of authorised push payment (APP) fraud will be reimbursed within ...

07 Jun 2023 at 15:58

Ads for five gold dealers banned for failing to make lack of regulation clear

The advertising watchdog has banned ads for five gold dealers for failing to make clear that the investments are unregulated and their value could vary. The Advertising Standards Authority (ASA) investigated the ads for Bullion ...

20 Nov 2024 at 00:01

Post-Brexit financial ‘competitiveness’ could spark race to the bottom – experts

The UK’s new post-Brexit focus helping the financial sector compete could spark a harmful race to the bottom and undermine the Government’s levelling up plans, a former minister and many academics have warned. In an open ...

16 May 2022 at 01:25

Home

Financial Services Ombudsman received 118 complaints from Louth in 2021

The Financial Services and Pensions Ombudsman (Acting), MaryRose McGovern, has published an Overview of Complaints for 2021, detailing the activities of the Office of the Financial Services and Pensions Ombudsman (FSPO) ...

03 Apr 2022 at 19:33

Personal Finance

Financial lifeboat scheme expects to pay £363m in compensation in 2024-25

A financial lifeboat scheme has said it expects to pay £363 million in compensation during 2024-25. The Financial Services Compensation Scheme (FSCS), which is funded by the financial services industry, said the total ...

23 May 2024 at 10:25

City

Optimism among finance firms weakens as they brace for cost hit, finds CBI

Optimism among financial services firms has declined at the sharpest pace in more than two years, amid concerns that Budget tax measures could weigh on investment plans, according to a survey. Banks and building ...

09 Jan 2025 at 07:00

Scotland

Taskforce launched to drive green financing

A new taskforce is set to be launched to make Scotland a “leading hub” for environmentally friendly financing. The Scottish Taskforce for Green and Sustainable Financial Services will be launched at an event on ...

26 Feb 2022 at 01:25

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