All the updated news related to Financial Services

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Personal Finance

Pension savers may be vulnerable to scammers as living costs bite, FCA warns

Cost-of-living concerns could drive some pension savers into scammers’ clutches, research from the City regulator suggests. A quarter (25%) of people said they would consider withdrawing their pension savings earlier than planned to cover living ...

06 Oct 2022 at 01:01

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 year, their indicative running costs (fuel, ...

15 Aug 2022 at 15:02

Personal Finance

Financial services companies must have consumer duty in place from July 2023

A new consumer duty requiring financial services firms to put their customers’ needs first will come into force from July next year. The duty will set higher and clearer standards of consumer protection, the Financial Conduct Authority ...

27 Jul 2022 at 10:28

Personal Finance

Only buy a pre-paid funeral plan from an authorised provider, says watchdog

People considering buying a pre-paid funeral plan should check a list of authorised providers, the City regulator has urged. The Financial Conduct Authority (FCA) took over regulation of the sector from Friday and will hold firms to ...

29 Jul 2022 at 10:43

New measures to protect consumers from fake reviews and subscription traps

Consumers are to be better protected from fake reviews and subscription traps under new measures that give the competition watchdog greater powers to crack down directly on rogue traders. The measures include making it “clearly ...

19 Apr 2022 at 23:55

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 Monday, ...

26 Feb 2022 at 01:25

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 ...

01 Mar 2022 at 12:55

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 ...

13 Apr 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 ...

03 Apr 2022 at 19:33

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 ...

29 Mar 2022 at 14:33

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 ...

29 Mar 2022 at 14:33

Personal Finance

Watchdog sets out £71m plan to help British Steel pension savers

British Steel pension savers are to be compensated if they were poorly advised to switch their pension pots away from the company’s more lucrative defined benefits plans. The watchdog ...

31 Mar 2022 at 09:25

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