Fca

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-

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