Tag: fca

Jul 19
Half a million consumers paying less credit card interest following FCA intervention

Home News Half a million consumers paying less credit card interest following FCA intervention Nearly 600,000 people are now paying less in interest and charges on their credit card debt because of changes made by the FCA. In its Annual Report, published today, the organisation has set out how it has worked over the past […]

Jul 19
The FCA welcomes the Secondary Capital Raising Review Report

The FCA welcomes the publication of Mark Austin’s Secondary Capital Raising Review (SCRR) final report on 19 July 2022, which was commissioned by the Government in October 2021.  The final SCRR report recommendations aim to promote the ability of companies to finance their businesses through public capital markets. They provide a valuable and timely contribution […]

Jul 19
Updating our website

Over the coming months you will notice some changes to the site as we review and refresh our content and design. We want the website be easier to navigate to help you find what you are looking for and to know when information has been updated. We are also reviewing the content to make our […]

Jul 15
FCA fines The TJM Partnership Limited (in liquidation) £2 million for serious financial crime control failings in relation to cum-ex trading

The FCA has fined The TJM Partnership Limited (in liquidation) £2,038,700 for failing to ensure it had effective systems and controls to identify and reduce the risk of financial crime and money laundering in its business. This is the third case brought by the FCA in relation to cum-ex trading and the largest fine so […]

Jul 14
How the UK will regulate for the future

Speech by Nikhil Rathi, our Chief Executive, delivered at the Peterson Institute for International Economics. Speaker: Nikhil Rathi, Chief ExecutiveLocation: Peterson Institute for International EconomicsDelivered: 14 July 2022Note: this is the speech as drafted and may differ from the delivered version Highlights Intensive dialogue between our nations is essential to ensure we deliver consistent outcomes. Having departed from the […]

Jul 12
FCA tells banks to improve treatment of struggling small business borrowers

As part of its work in response to the increased cost of living, the FCA has told banks they must treat small business customers fairly when collecting and recovering debts. A review of 11 bank’s collection practices identified a number of issues, including: Lenders not treating small businesses fairly when they try to agree a […]

Jul 11
Hartley Pensions Limited – requirement to stop accepting new pension contributions

Hartley Pensions Limited (Hartley Pensions), is a SIPP (Self Invested Personal Pension) operator authorised and regulated by the FCA. It also provides administration for a small number of SSAS (Small Self-Administered Schemes), regulated by The Pensions Regulator. On 11 July Hartley Pensions asked the FCA to impose requirements preventing it from accepting ongoing contributions into the […]

Jul 11
Eunisure Limited enters liquidation

1. I have a policy I bought through Eunisure Limited. Is it still in force? Your policy remains valid. If you have any questions about your policy, please contact your insurer. You can find the details of your insurer in your policy documents. You can also contact the liquidator directly using the contact details above. […]

Jul 08
Ashley Alder appointed FCA chair

HM Treasury has today announced the appointment of Ashley Alder as the new Chair of the FCA. Ashley is currently Chief Executive Officer of the Securities and Futures Commission (SFC) in Hong Kong, a role he has held since 2011. Ashley also chairs the Board of the International Organization of Securities Commissions (IOSCO) and sits […]

Jul 06
Consumers struggling with rising prices urged to seek help

The Financial Conduct Authority (FCA) and MoneyHelper are urging consumers to get help as soon as possible if they are struggling financially because of the rising cost of living.  Millions of people get help with their finances every year. However, new research suggests many borrowers are missing out on available support. The research reveals some […]