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The Latest Breaking News from FCA

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

IN FULL

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

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

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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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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.

Evening Standard

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 Independent 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

The Guardian - UK

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.

Evening Standard

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

The scheme will cost lenders £7.5 billion in redress costs

The Independent UK

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.

Evening Standard

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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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TechRadar

'Very significant privacy concerns': UK hands over financial regulation data to Palantir to help tackle financial crime

The FCA is giving Palantir a three-month trial to see if it's the right partner to work on processing the body's huge amounts of data.

The Guardian - UK

MPs urge UK government to halt contract giving Palantir FCA data access

Awarding US spy-tech company deal involving sensitive financial data is ‘huge error of judgment’, Liberal Democrats say

The Independent UK

Should you trust financial influencers?

LET’S UNPACK THAT : Social media is awash with creators telling you where and how to invest your money. As the stock market wobbles at the same time Rachel Reeves is encouraging savers to invest in shares, Lydia Spencer-Elliott explores who to trust – and how to spot the red…

The Guardian - UK

Campaign groups rail against Palantir, but the UK contracts keep coming

AI analytics firm has become influential in Whitehall, and FCA deal gives it yet more access to data

The Guardian - UK

Palantir extends reach into British state as it gets access to sensitive FCA data

Exclusive: Allowing US tech firm to analyse intelligence in name of tackling fraud raises fresh concerns over privacy

The Guardian - UK

FCA investigates collapsed lender MFS amid £1.3bn mortgage scandal

Move follows the granting of a worldwide asset-freezing order on company’s founder, Paresh Raja

The Independent UK

Regulator to review later life mortgages as Britons face retirement shortfall

About two in five people are currently undersaving for retirement

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