MPs call for clarity over FCA’s remit
The House of Commons Treasury Select Committee has called for the Financial Conduct Authority (FCA) to work with the government to make it clear exactly what the regulator is responsible [...]
FCA issues results of survey into firms’ perception of its service
The Financial Conduct Authority (FCA) has published the results of its latest annual survey of how firms perceive its performance. It says it has improved on two counts, while also [...]
FCA issues report on alternatives to high cost credit
Most firms that provide high-cost credit will be all too aware that the Financial Conduct Authority (FCA) regards their sector as being one of its priority areas. The regulator has [...]
FCA announces plans for contingent charging ban and other measures to protect the public when they seek pension advice
Despite opposition from some firms and trade associations, the Financial Conduct Authority (FCA) is pressing ahead with plans to outlaw contingent charging on defined benefit pension transfers. A formal consultation [...]
FOS confirms it can’t handle complaints about another beleaguered payday lender
Once again, a major payday lender has failed with many of its customers potentially having a valid irresponsible lending compensation claim against the firm. As with the high-profile failure of [...]
FCA issues fine over annuity sales
Evidence of the Financial Conduct Authority (FCA)’s determination to improve customer outcomes in the pension sector came in late July 2019 when it imposed a £30,792,500 fine on a large [...]