All the updated news related to Financial Services

All the news related to Financial Services updated in real time

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Financial advisers fined £1m for advice which cost customers £50m

Five men will have to pay more than £1 million between them for “reprehensively” betraying the interests of customers who went to them for financial advice, the City watchdog has said. A tribunal upheld the decision of the Financial Conduct ...

09 May 2022 at 14:25

City

Financial services optimism wanes as cost-of-living crisis hits

Sentiment among financial services firms fell at its quickest pace since September 2019 as businesses worry about the impact of the cost-of-living crisis, according to a new survey. Firms reported declining optimism, with fears over low ...

13 Apr 2022 at 01:25

Local News

Financial services ombudsman received 103 complaints from Donegal last year

The Financial Services and Pensions Ombudsman received 103 complaints from Donegal in 2021. Some 4,123 complaints were received from Ireland throughout the year, ombudsman’s overview of complaints for 2021 shows. A total of 4,658 ...

28 Mar 2022 at 18:33

Personal Finance

Fee cap for claims management firms comes into force

People using claims management firms will be protected from excessive amounts of their compensation being swallowed up by fees, under new rules. The changes brought into force on Tuesday by the Financial Conduct Authority (FCA) ...

01 Mar 2022 at 12:55

Local News

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 ...

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 ...

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 ...

18 Jan 2022 at 01:26

Personal Finance

City watchdog failed British Steel pension savers, MPs say

MPs have accused the City watchdog of letting down British Steel pension savers who were ripped off by poor advice from companies they thought they could trust. The Financial Conduct Authority (FCA) did not ...

21 Jul 2022 at 08:45

Personal Finance

Consumer Credit Act will be reformed ‘to keep pace with the modern world’

The Consumer Credit Act, which regulates credit card purchases and personal loans and dates back to the 1970s, is to be reformed to make it fit for modern life, the Government has announced. The move will ...

16 Jun 2022 at 14:33

Personal Finance

British Steel pensioners had a ‘gun to the head’ says former watchdog Bailey

The former boss of the City watchdog has said that British Steel pensioners had a gun to their head as they made one of the most complex financial decisions of their lives. Andrew Bailey, who now leads ...

14 Jun 2022 at 10:05

Motoring News

Drivers can could cut yearly motoring running costs by 70 per cent with an EV, says study

Drivers making the switch to electric cars could cut their yearly running costs by around 70 per cent compared to a petrol vehicle, a new study has found. Based on a driver covering 15,000 miles a ...

15 Aug 2022 at 15:02

Personal Finance

New rules to prevent claims managers gaining if linked to past poor conduct

New rules preventing claims management companies (CMCs) from being paid to help in cases where they are connected to a customer losing out in the first place will come into force next month. The ...

07 Jun 2022 at 14:31

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