The Latest Breaking News from FCA

City watchdog finds no evidence for recent political 'debanking' – but private banks have been picky for centuries

After a row over the closure of his bank account earlier this year, former politician Nigel Farage has hit out at the UK financial regulator for saying it has found no recent evidence of customers being “de-banked” over their personal views.

The Conversation · Sep 20, 2023

Record spike in insurance firms ripping off drivers over value of their car

Exclusive: Drivers of BMW, Mercedes and Land Rover cars are worst affected with underpayments of £1,000, according to research

The Independent UK · Sep 20, 2023

City regulator warns insurance firms to make sure they are offering fair value

The FCA has identified evidence that some guaranteed asset protection products, an add-on to motor cover, may be failing to provide fair value.

The Independent UK · Sep 20, 2023

FCA finds no evidence of customers being debanked over political views

Watchdog launched inquiry after row over Coutts’s handling of Nigel Farage’s account

The Guardian - UK · Sep 19, 2023

Oil hits $95 per barrel; CBI postpones annual meeting amid ‘cashflow challenges’ – as it happened

Rolling coverage of the latest economic and financial news, as Brent crude hits 10-month high and CBI puts annual meeting on hold amid financial woes

The Guardian - UK · Sep 19, 2023

Poor advice and misleading promotions found by FCA in later life mortgage review

The regulator said financial promotions can significantly influence consumers’ understanding of the market.

The Independent UK · Sep 14, 2023

Oil hits $90 per barrel as Saudi Arabia and Russia extend production cuts; UK business activity falls – as it happened

Rolling coverage of the latest economic and financial news, as Brent crude hits its highest level of 2023

The Guardian - UK · Sep 5, 2023

Explained | How the amended Forest (Conservation) Act imperils the Northeast

The Mizoram Assembly has passed a resolution opposing the Forest (Conservation) Amendment Act, 2023. Aside from special Constitutional protections in Mizoram and Nagaland, the Act is applicable in the rest of India’s Northeast. In 1996, the Supreme Court expanded the term ‘forest land’, such that the Forest Rights Act also…

The Hindu · Sep 5, 2023

FCA warns banks they will ‘act’ if politicians are wrongly denied services

The UK is one of more than 200 countries that have signed up to more financial checks on senior figures in the public eye.

The Independent UK · Sep 5, 2023

Direct Line to pay out £30m to customers overcharged on car or home insurance after rule breach

The insurer admitted to an ‘error’ in implementing new fair pricing rules

The Independent UK · Sep 1, 2023