Financial Conduct Authority



FCA acts to help customers get better rates for cash savings

The Financial Conduct Authority (FCA) is today proposing to reform the easy access cash savings market. 

Published 9 January 2020

FCA and BoE announce proposals for data reforms across financial sector

The Financial Conduct Authority (FCA) and the Bank of England (BoE) today outlined their proposals for data reforms across the UK financial sector.

Published 7 January 2020

New rules could see overdraft interest charges higher than credit cards

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.

Published 7 January 2020

Lloyds Banking Group to pay £35k to HBOS scandal victims

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.

Published 23 December 2019

Andrew Bailey appointed as Bank of England governor

Andrew Bailey, the current chief executive of the Financial Conduct Authority (FCA), has been appointed as the next governor of the Bank of England.

Published 20 December 2019

FRC to investigate EY's audit of Thomas Cook

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.

Published 19 December 2019

FCA fines Professional Personal Claims Limited for misleading consumers and banks

The Financial Conduct Authority (FCA) has fined Professional Personal Claims Limited (PPC) £70,000 for misleading consumers through its websites and printed materials.

Published 18 December 2019

FCA asks for proposals on how open finance could transform financial services

The Financial Conduct Authority (FCA) has today launched a Call for Input (CfI) on the opportunities presented by so-called ‘open finance’.

Published 18 December 2019

Mortgage mis-selling scandal on the horizon

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.

Published 16 December 2019

St James's Place Wealth Management acquires Linlithgow financial firm

St James's Place Wealth Management (SJP) has today announced its acquisition of the Linlithgow-based financial advice firm Policy Services Ltd (PSL).

Published 12 December 2019

FCA: Shared policy to strengthen resilience in financial services sector published

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.

Published 5 December 2019

Banks are hit with IT glitches five times a week

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

Published 27 November 2019

Investment boss Alistair Greig faces £13m Ponzi fraud charges

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

Published 20 November 2019

FCA and PRA ban and fine ex-SBMIA CEO Stuart Malcolm Forsyth

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.

Published 19 November 2019

FCA takes action over 'shameful' squalor at its London HQ

The Financial Conduct Authority (FCA) has been forced to take action at its headquarters in Stratford in London, due to 'shameful' sanitary conditions.

Published 13 November 2019