Fca

The Pensions Regulator has fined the retirement scheme of the Financial Conduct Authority (FCA), in a rare instance of one watchdog issuing a fine to another.

HM Treasury, following the advice of the board of the Financial Conduct Authority (FCA), has appointed Christopher Woolard as interim chief executive. Mr Woolard will take on the chief executive role following Andrew Bailey’s departure to become governor of the Bank of England.

Citizens Advice Scotland (CAS) has urged credit card providers to show sensitivity and flexibility towards customers in persistent debt as new rules begin to come into force this month which allow them to impose sanctions.

Seven out of ten overdraft users will be better off or see no change when new rules on overdrafts come into force in April, the Financial Conduct Authority (FCA) has said. Around 14 million people use an unarranged overdraft each year, and all of these users will be better off or see no change. The

Santander announced last week that it will slash the interest rate it pays to customers for its 123 current account from 1.5% to 1%.

The Financial Conduct Authority (FCA) is today proposing to reform the easy access cash savings market.  Under new rules all firms will have to set a single easy access rate (SEAR) across all easy access accounts. Firms will have flexibility to offer multiple introductory rates for up to 12 mon

The Financial Conduct Authority (FCA) and the Bank of England (BoE) today outlined their proposals for data reforms across the UK financial sector. Both authorities have outlined their plans to develop their data and analytics capabilities. The FCA and BoE both depend on access to high-quality data

Citizens Advice Scotland (CAS) has cautiously welcomed new rules around bank overdrafts but is warning that the changes could hit some people in the pocket in 2020.

Lloyds Banking Group has announced that it will award £35,000 to almost 200 fraud victims who suffered at the hands of the HBOS Reading scam. The announcement to award the victims comes after the group was criticised for the way it handled treated small business owners whose livelihoods were a

Andrew Bailey, the current chief executive of the Financial Conduct Authority (FCA), has been appointed as the next governor of the Bank of England. Mr Bailey will become the 121st governor of the bank on 16 March 2020.

The Financial Reporting Council (FRC) has announced that it will investigate EY's audit of Thomas Cook's financial statements for the year ended 20th September 2017. On 1 October 2019, the FRC announced the opening of an investigation into the audit of the financial statements of Thomas Cook for the

The Financial Conduct Authority (FCA) has fined Professional Personal Claims Limited (PPC) £70,000 for misleading consumers through its websites and printed materials. This decision follows the transfer of regulatory responsibility for claims management companies (CMCs) to the FCA on 1 April 2

The Financial Conduct Authority (FCA) has today launched a Call for Input (CfI) on the opportunities presented by so-called ‘open finance’. Open finance builds on the principles of open banking – the sharing of data which provides new ways for customers and businesses to make the m

Scores of people could be entitled to significant compensation payouts after being sold interest-only mortgages which put them at risk of being forced to move in order to pay off loans.

St James's Place Wealth Management (SJP) has today announced its acquisition of the Linlithgow-based financial advice firm Policy Services Ltd (PSL). PSL has been a longstanding provider of administration, fee reconciliation and advice services to partners of SJP and their clients who hold non-