All the updated news related to fca

All the news related to fca updated in real time

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City

Customers vote for compensation scheme which could keep lender Amigo afloat

Borrowers who were mis-sold loans they could not afford by Amigo have thrown the struggling business a lifeline by voting for a compensation package which could allow it to continue trading. The business said that its creditors had voted for a ...

13 May 2022 at 12:25

City

Financial Conduct Authority plans faster response against ‘problem firms’

The Financial Conduct Authority (FCA) has announced a new strategy to shut down “problem firms” that do not meet basic regulatory standards. Bosses at the regulator said they are concerned that the cost-of-living crisis could see households ...

07 Apr 2022 at 09:25

City

Metro Bank losses hit £245m as lender reels from fines and sanctions

Metro Bank suffered a heavy loss last year as the high street lender put aside cash to cover fines imposed on it by UK regulators and over historical global sanctions. The bank said pre-tax losses for 2021 hit £245.1 million, which was an ...

23 Feb 2022 at 11:55

Cladding: Minister orders probe into ‘crippling’ insurance costs for residents

The insurance market is not working properly for residents stuck in buildings with unsafe cladding, and many have seen their premiums double in just a year, Communities Secretary Michael Gove has said. In a letter to the Financial ...

28 Jan 2022 at 09:25

‘Buy now pay later’ adverts could be misleading consumers, watchdog warns

The UK’s financial watchdog has issued a warning to companies offering “buy now pay later” schemes that they could be committing a criminal offence over misleading and harmful adverts. “Buy now pay later” adverts – which allow ...

19 Aug 2022 at 10:26

Personal Finance

New rules strengthening protections for access to bank branch services proposed

Banks and building societies will have to do more to look at the impacts of reductions to their services, such as cutting branch opening times, under City regulator proposals. The Financial Conduct Authority (FCA) has warned ...

14 Jun 2022 at 13:16

Personal Finance

Six in 10 UK adults struggling to keep up with bills – City regulator

Nearly eight million people were already finding it a heavy burden to keep up with their bills before this autumn, according to research from the City regulator. The Financial Conduct Authority (FCA) estimated that 7.8 ...

21 Oct 2022 at 01:01

City

Regulators say pensions system needs change after mini-budget turmoil

Financial regulators have said that the pensions system needs to change following the mini-budget market turmoil that saw some pension schemes scrabbling for cash. The Pensions Regulator (TPR), which regulates pension ...

14 Dec 2022 at 14:07

City

Link eyes sale of UK unit amid talks with FCA over Woodford settlement

Australia’s Link Group has said it is in exclusive negotiations to sell its UK Fund Solutions division as talks take place over a settlement with the UK financial regulator over an investigation into the unit. The ...

20 Feb 2023 at 08:40

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....

20 Apr 2023 at 12:14

Banks should increase returns on savings amid interest rate rises, says top Tory

Banks should increase returns on savings as interest rates rise, a senior Tory has told the Commons. Harriett Baldwin, the Conservative chairwoman of the Treasury Select Committee, suggested banks should take ...

13 Jun 2023 at 14:22

City

Watchdog should prioritise probe into how banks treat politicians – minister

The City minister has written to the UK’s financial watchdog urging it to prioritise an “important” review into whether people are being denied bank accounts due to their political views. It follows claims ...

05 Jul 2023 at 13:30

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