FCA Acts to End Insurance Loyalty Penalty
The insurance ‘loyalty penalty’, where existing customers pay more for the same cover than new customers, could now be consigned to the past, under new proposals unveiled by the Financial [...]
FCA Bans the Sale of Crypto-Derivatives to Retail Consumers
The Financial Conduct Authority has confirmed that it will ban the sale, marketing and distribution of Bitcoin and other crypto-derivative products to ordinary retail investors. The prohibition will take effect on [...]
FOS data for the first half of 2020 shows credit is still the area with the highest uphold rate.
The Financial Ombudsman Service received 118,035 new complaints in the first six months of 2020. This represents a 17% decrease compared to the 141,765 complaints in the second half of [...]
FCA publishes retirement income market data for last financial year
The latest data from the Financial Conduct Authority shows a continued decline in the numbers of people purchasing an annuity with their pension savings. […]
FCA publishes the annual perimeter report
The Financial Conduct Authority has published its second annual ‘perimeter report’ – an analysis of which activities fall inside the scope of FCA regulation and which remain outside its jurisdiction, [...]
Outgoing FCA interim chief speaks about the future of regulation in his final speech
Christopher Woolard spoke about “a new model for financial regulation in the UK” when he delivered his final speech as the Financial Conduct Authority’s interim chief executive. Nikhil Rathi has [...]