All the updated news related to fca

All the news related to fca 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 Conduct Authority staff vote for industrial action

Staff at the Financial Conduct Authority (FCA) have voted overwhelmingly for industrial action over proposed changes to pay conditions. Unite the Union said a ballot of its members working for the financial watchdog found more than 75% ...

12 Apr 2022 at 17:25

City

Appoint more women to your board or explain why not, FCA tells listed firms

Companies that want their shares to trade on the UK stock markets will have to ensure that four in 10 of their board members are women, or explain why not, according to new rules. A year from now businesses will need to account for ...

20 Apr 2022 at 14:55

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 ...

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 ...

07 Apr 2022 at 09:25

City

Financial Conduct Authority offers staff new deal with 5% pay rise

The Financial Conduct Authority (FCA) attempted to draw a line under tensions in the organisation over changes in staff pay. Unions had been critical of plans by the financial watchdog to scrap bonuses for staff but the FCA ...

01 Mar 2022 at 15:25

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 ...

23 Feb 2022 at 11:55

City

Amigo could restart lending within year as court prepares to rule on proposals

Troubled lender Amigo could start lending again within a year if proposals to compensate customers for unaffordable loans are adopted this week. The City watchdog said that it would not oppose the proposals, due to ...

07 Mar 2022 at 09:25

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 ...

28 Jan 2022 at 09:25

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

‘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” ...

19 Aug 2022 at 10:26

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

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