Fca

The Financial Conduct Authority (FCA) has obtained High Court Approval to return £3.42 million to compensate victims of a series of unauthorised deposit taking and collective investment schemes. The schemes were run by Samuel and Shantelle Golding and their companies Digital Wealth Limited, al

The Financial Conduct Authority (FCA) has today published final guidance clarifying its expectations of firms on the fair treatment of vulnerable customers. The guidance aims to drive improvements in the way firms treat vulnerable consumers so that they are consistently able to achieve outcomes that

There are now 27.7 million adults in the UK with characteristics of vulnerability such as poor health, low financial resilience or recent negative life events in light of the coronavirus pandemic, according to the Financial Conduct Authority's (FCA) latest Financial Lives survey (FLS). The survey lo

The Financial Conduct Authority (FCA) has published a report on change and innovation in the unsecured consumer credit market following a Review by its former interim chief executive, Christopher Woolard CBE. The Woolard Review sets out how regulation can better support a healthy market for unsecure

The Financial Conduct Authority (FCA) has asked banks and lenders to reconsider branch closures during the current coronavirus crisis. The watchdog has said banks should consider the impact of bank closures on customers and said that where they are unable to meet the expectations of its Principles F

The Financial Conduct Authority (FCA) has confirmed that mortgage firms should not repossessions, except in exceptional circumstances, before 1 April 2021.

The Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC) have issued a joint statement reminding companies that extended financial information timelines continue to apply. Public policy interventions made in 2020 provided more time for the work necessary to ensure that publish

The limit on a single contactless card payment could more than double from the current £45 limit to £100. Earlier this month, Scottish Financial News reported that UK banks were pushing the Treasury to increase the limit. Industry experts urged that raising the cap to £100 cou

The Financial Conduct Authority (FCA) has published proposals to introduce a price cap on the fees claims management companies (CMCs) charge their customers in relation to claims for financial products and services. Some consumers currently pay fees of more than 40% of the redress they receive. The

The Financial Conduct Authority (FCA) has revealed the ways in which it currently works to protect consumers from investment harm by stopping and disrupting potentially harmful firms and activities. In a report issued today, the FCA has highlighted the action it has taken during the first ten m

Thousands of small business across the UK are set to receive insurance payouts covering losses from the first coronavirus lockdown after the Supreme Court substantially allowed the Financial Conduct Authority’s (FCA) appeal on behalf of policyholders in its business interruption insurance test

The Financial Conduct Authority (FCA) has proposed changing guidance on mortgages and consumer credit repossessions so that consumer credit firms will be able to repossess goods and vehicles from 31 January 2021.

The Financial Conduct Authority (FCA) has issued a warning to consumers about the risks of investments advertising high returns based on cryptoassets. The FCA has said it is aware that some firms are offering investments in cryptoassets, or lending or investments linked to cryptoassets, that promise

The Financial Conduct Authority (FCA) has today published the results of its coronavirus financial resilience surveys revealing the impact of coronavirus on firms’ financial resilience. In response to the crisis, the FCA has been monitoring the effects of the economic downturn on firms&rs

The Financial Conduct Authority (FCA) has appointed Quilter CEO Paul Feeney as the chair of its independent Practitioner Panel. Paul will take up the post from 1 January 2021, succeeding Tulsi Naidu, CEO of Zurich UK. He has been a member of the panel since 2015.