Fca

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-

M&G has announced the temporary suspension of trading in its £2.5 billion property portfolio. The M&G Property Portfolio is a broadly diversified fund which invests in 91 UK commercial properties across retail, industrial and office sectors on behalf of UK retail investors.

The Bank of England, Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have today published a shared policy summary and co-ordinated consultation papers (CPs) on new requirements to strengthen operational resilience in the financial services sector. Building the operat

The Financial Conduct Authority (FCA) has today published a consultation on how to apply the Senior Managers Regime (SMR) to benchmark administrators. The SMR sets important standards for governance and accountability and will apply to almost all FCA-regulated firms from December 2019.

New analysis from Which? reveals that banks suffer five IT failures every week, shutting millions of customers out of accounts and making payments.

The Financial Conduct Authority (FCA) has today announced it will ban the mass marketing of speculative mini-bonds to retail customers. Ahead of the upcoming ISA season, the FCA is introducing the restriction without consultation, using its product intervention powers. The restriction will come into

Alistair Greig has appeared in court after being accused of defrauding hundreds of investors out of £13 million through an illegal “Ponzi” scheme.

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have decided to ban and fine Stuart Malcolm Forsyth, the former CEO of Scottish Boatowners Mutual Insurance Association (SBMIA) £78,318 and £76,180 respectively. The regulators found that between February

The Financial Conduct Authority (FCA) has been forced to take action at its headquarters in Stratford in London, due to 'shameful' sanitary conditions. In a letter to staff posted on the FCA's intranet and seen by The Standard, Georgina Philippou, FCA's chief operating officer, said she was horrifie

The Financial Conduct Authority's (FCA) new rules in the Buy Now Pay Later (BNPL) industry came into force yesterday. The FCA believes that the new rules will save customers between £40-60 million a year in interest payments.

The Financial Conduct Authority (FCA) has today confirmed that it has removed barriers that stop some mortgage customers from finding a cheaper mortgage deal. The new rules allow lenders to use a different and more proportionate affordability assessment for customers who meet certain criteria, such

Andrew Bailey delivered a speech at the Lord Mayor's City Banquet at Mansion House emphasising that there are strong benefits from free trade and open global financial markets and the Financial Conduct Authority (FCA) will continue to support them. He also said that a big question for the FCA is how