All the updated news related to financial conduct authority

All the news related to financial conduct authority updated in real time

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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

City

Finance watchdog fines Citigroup Global Markets £12.5m for market abuse failures

Citigroup’s international broking business has been fined £12.5 million by the UK financial watchdog over past failures to properly apply rules designed to halt suspicious trading activity. The Financial Conduct Authority (FCA) said it had ...

19 Aug 2022 at 13:19

‘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 consumers ...

19 Aug 2022 at 10:26

Personal Finance

Proposals to reform flats insurance market set out by City regulator

People living in blocks of flats could receive greater protections from high insurance costs under moves by the City regulator to improve how the buildings insurance market operates. A cross-industry risk-sharing scheme could be set up ...

21 Sept 2022 at 17:40

Personal Finance

New consumer duty for firms ‘will lead to major shift in financial services’

Financial services firms will have a new duty to put their customers’ needs at the heart of what they do, under plans being set out by the City regulator on Wednesday. The Financial Conduct Authority (FCA) said the new consumer duty ...

27 Jul 2022 at 01:01

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 ...

27 Jul 2022 at 10:28

City

New rules to clamp down on adverts promoting high-risk investments

Tougher rules to tackle misleading adverts encouraging high-risk investments have been brought in by the financial regulator. The new rules ban investment companies from offering certain incentives to invest, such as “refer ...

01 Aug 2022 at 13:09

Personal Finance

Bank reveals three most common scams

Purchase scams, impersonation scams and investment scams are the three most common types of fraud that HSBC UK has reported seeing recently. The bank also said it has revamped its free HSBC fraud and cyber awareness app, ...

25 Jul 2022 at 13:16

Personal Finance

Loan-fee fraud warning as scammers prey on financially vulnerable

Scammers are looking to prey on financially vulnerable households seeking loans as living costs surge, the City regulator is warning. The Financial Conduct Authority (FCA) is receiving a growing number of calls about ...

04 Aug 2022 at 12:45

Personal Finance

Pre-paid funeral plan providers held to new FCA standards from Friday

Pre-paid funeral plan providers will be held to new high standards when they come under Financial Conduct Authority (FCA) regulation and supervision from Friday. All authorised funeral plan providers will then need ...

28 Jul 2022 at 16:06

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 ...

29 Jul 2022 at 10:43

City

London Metal Exchange sued over cancelled nickel contracts

The London Metal Exchange is being sued by activist investor Elliott Management for more than 456 million US dollars (£365 million) over its move to suspend and cancel nickel trades earlier this year after ...

06 Jun 2022 at 11:19

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