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The Latest Breaking News from FCA

Lenders to have greater flexibility offering higher loan to income mortgages

The Building Societies Association has welcomed a consultation from the Prudential Regulatory Authority and Financial Conduct Authority.

Evening Standard

FCA car finance compensation scheme: What is it and who is eligible for payment?

The Financial Conduct Authority (FCA) said it is launching a £7.5 billion compensation scheme to give cash back to Britons impacted by unfair car loans

Evening Standard

Car finance lenders shares rise after industry bill for redress cut by £2bn

Lloyds and Barclays shares were up by more than 1% and Close Brothers rising by around 2.5% on Tuesday.

Evening Standard

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FTSE 100 Live 31 March: Markets rally, Unilever on brink of foods merger

A tumultuous month for financial markets is ending with the FTSE 100 index higher for a second successive session.

Evening Standard

Martin Lewis issues urgent advice to 12 million drivers affected by car finance scandal

Around 12 million drivers are now in line for a payout and each will receive an average payout of £830

The Independent UK

When will car finance compensation be paid out and how much could you get?

Financial Conduct Authority says millions of claims will be paid up this year and vast majority settled by end of 2027

The Guardian - UK

Car finance compensation: Could I be owed money and what should I do?

The FCA is launching a £7.5 billion compensation scheme to give cash back to Britons impacted by unfair car loans.

Evening Standard

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Why two million drivers will miss out on FCA car finance compensation

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The Independent UK

Millions who were mis-sold car loans to get average £829 payout in final scheme

The regulator is expecting the total amount of redress paid under its scheme to be about £7.5 billion.

The Independent UK

FCA's car finance redress scheme promises average £829 payouts for millions of drivers

Millions of drivers mis-sold car finance deals to receive compensation under the FCA's new redress scheme

Evening Standard

How to claim compensation after car finance scandal ruling

IN FULL

The Independent UK

Car finance scandal compensation scheme revealed as motorists to receive £829 average payout

Around 12 million drivers mis-sold car loans could be eligible

The Independent UK

Millions of drivers to get compensation after being mis-sold car finance – here’s how much

IN FULL

The Independent UK

Car finance victims to get an average £830 payout but fewer loans eligible

City regulator reduces number of loan agreements in line for compensation from 14m to 12m

The Guardian - UK

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Evening Standard

Watchdogs join up to tackle saga motorists face making car finance claims

Final decisions on the long-awaited programme will be published by the FCA.

Evening Standard

Car finance saga: Millions of motorists to find out how they will be compensated

Final decisions on the long-awaited programme will be published by the Financial Conduct Authority (FCA) on Monday afternoon.

The Independent UK

Millions of motorists to find out how they will be compensated after car finance saga

The FCA previously estimated that approximately 14 million deals, representing 44 per cent of all agreements since 2007, were unfairly sold

The Guardian - UK

Lloyds bank faces £66m court battle with car loan customers

Law firm is preparing claim on behalf of 30,000 consumers who fear the FCA’s redress scheme will shortchange them

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Evening Standard

Car finance saga: Millions of motorists to find out how they will be compensated

Final decisions on the long-awaited programme will be published by the Financial Conduct Authority (FCA) on Monday afternoon.

The Independent UK

Car finance compensation: How you can claim from £7.5bn scheme

The scheme will cost lenders £7.5 billion in redress costs

Evening Standard

Some pension savers giving up on transfers due to delays, says Which?

The consumer group said bottlenecks can be caused due to antiquated processes, often requiring ‘wet’ ink signatures.

The Independent UK

Pension system slammed as some savers forced to wait up to six months to transfer

There are benefits to moving pensions around but, as Which? found, some transfers can take up to six months to complete

The Guardian - UK

Crispin Odey tried to ‘manipulate’ sexual assault victim, FCA tells court

Former hedge fund manager warned ex-employee he had groped that Financial Conduct Authority may question her

Evening Standard

Measures to help close financial advice gap proposed by regulator

Simplified forms of advice could help people with more straightforward needs to access affordable advice, under the plans.

The Guardian - UK

Crispin Odey: I can’t remember telling female employee ‘I could attack you now’

Hedge fund tycoon faces questions in court over sexual harassment allegations that have left his career in tatters

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