The Latest Breaking News from FCA

‘Up all night worrying’: 92-year-old debanked by NatWest after move to Jamaica

Last year’s decision left Philip Cato, who moved ‘home’ in 1990s after 30 years working in the UK, cut off from his state pension

The Guardian - UK · Aug 6, 2023

Energy bill help unlikely this winter, Grant Shapps suggests

The Government doesn’t want to ‘constantly pay energy bills’ but plans to ‘absolutely’ cut taxes, he said

Evening Standard · Aug 5, 2023

Bank of England governor backs regulator plan to ensure ‘fairness’ for savers

The Financial Conduct Authority said it will take action if firms offering the lowest savings rates are unable to justify how they offer fair value.

The Independent UK · Aug 5, 2023

£250bn sits in accounts earning no interest as regulator tackles poor rates for savers

‘Progress has been made ... but this needs to speed up’

The Independent UK · Jul 31, 2023

Nigel Farage says new Coutts boss has offered to keep his accounts open

Former Ukip leader is still taking legal action against bank demanding compensation and apology

The Guardian - UK · Jul 31, 2023

£250bn in savings held in accounts which earn no interest

Around three in 10 adults do not have a savings account of any type, the Financial Conduct Authority said.

The Independent UK · Jul 31, 2023

Watchdog is right to squeeze banks on savers’ behalf

City Comment: Let’s hope the FCA sticks to its guns and kick-starts a revival of savings

Evening Standard · Jul 31, 2023

How will the regulator’s cash savings action plan help savers?

Here is a look at the impacts of the 14-point action plan for the cash savings market, which has been set out by the Financial Conduct Authority.

The Independent UK · Jul 31, 2023

Banks with lowest savings rates to face ‘robust action’, warns UK financial watchdog

FCA gives banks four weeks to justify savings rates as it lays out 14-point plan to monitor treatment of customers

The Guardian - UK · Jul 31, 2023

Action plan to ensure savers are offered fair value drawn up by regulator

The Financial Conduct Authority has set out a 14-point plan to ensure banks and building societies are passing on interest rate rises appropriately.

The Independent UK · Jul 31, 2023