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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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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 […]
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 […]