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The Latest Breaking News from FCA

Hey Facebook, recognise this advert? Because you should

Scamverts on social media platform show why new laws are needed to tackle £890m crimewave

Daily Mirror

FCA head of enforcement Steward steps down from regulator

He has been with the body for 15 years and hunt will begin for successor

Evening Standard

Hargreaves Lansdown facing lawsuit over Neil Woodford fund collapse

The Bristol-based company is being sued by claims management business RGL on behalf of 3,200 investors who lost money

Birmingham Post

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How to manage and reduce your debt

From reorganising day-to-day bill-paying as costs soar, to defaulting on potentially serious debts

The Guardian - UK

Hargreaves Lansdown hit by lawsuit on behalf of Woodford fund investors

Claim brought on behalf of initial 3,200 investors caught up in collapse of Neil Woodford’s equity income fund

The Guardian - UK

Cryptocurrency firm advised by Philip Hammond withdraws UK application

Copper Technologies has moved customers to Switzerland after struggling to gain full FCA approval

The Guardian - UK

FCA updates guidance for banks considering branch or ATM closures

The industry must make sure they are supporting people and businesses who rely on cash and banking services, the Financial Conduct Authority said.

The Independent UK

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Warning over seven pension scam tactics - from high-pressure sales to unusual investments

The Financial Conduct Authority says a quarter of consumers would withdraw pension savings to cover the cost of living - but there are a number of scams people need to be aware of

Chronicle Live

People over 40 with pension savings may be more vulnerable to scams during cost of living crisis

Victims can end up losing their life savings to criminals.

Daily Record

Vulnerable pensioners warned of scammers that 'ruined my life' with malicious trick

More pensioners have shown a willingness to take out their pension early to cover cost of living costs

Manchester Evening News

Pension savers may be vulnerable to scammers as living costs bite, FCA warns

More than two-fifths of pension savers would take up the offer of a ‘free pension review’, despite this being a warning sign of a potential scam.

The Independent UK

Dodge Dart Refuses To Die, Three New Models Sell In Q3 2022

The American automaker also sold five units of the Caravan, which was discontinued in 2020.

Motor1

Should you invest in crypto? Always follow these five steps first

Crypto FOMO is real. Surrounded by the noise of ‘rags to riches’ investor stories, chartered financial adviser Emma Fielding shares what to consider before parting with your hard-earned cash

Evening Standard

AJ Bell co-founder handed £150,000-a-year consultancy role after stepping down as CEO

Mr Bell had been AJ Bell's CEO since he co-founded the business in 1995

Birmingham Post

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The Guardian - UK

FCA urges insurers to treat customers fairly amid cost of living squeeze

Financial Conduct Authority asks chief executives to avoid selling unnecessary products and add-ons

Benzinga

Is iPhone Demand Really Slowing Down?, Lyft Freezes Hiring, Biogen's New Drug Slows Alzheimer's Progression: Top Financial Media Stories Wednesday, Sept. 28

Bloomberg

Daily Mirror

Yorkshire and chairman Lord Patel face fines for reported breach of financial rules

Yorkshire chair Lord Patel reportedly failed to tell Financial Conduct Authority about potential conflicts of interest and they could be fined

The Independent UK

Proposals to reform flats insurance market set out by City regulator

The FCA will will consult on measures to improve transparency for leaseholders about the price of their insurance.

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news in one place.

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Motor1

Redesigned Mahindra Roxor Could Still Be Banned For Sale In US

An appeals court keeps Fiat Chrysler's lawsuit against all Roxor off-roaders alive.

Wales Online

Number of £5million-plus mortgages in UK goes up by two thirds

Loans to buy properties costing more than £10m almost doubled

The Guardian - UK

Woodford fund investors could be in line for £306m in compensation

FCA orders fund’s administrator, Link, to ringfence sum as part of conditions related to its takeover

Evening Standard

Lloyd’s boss: Liz Truss watchdog merger ‘would be distraction’

Lloyd’s chairman Bruce Carnegie-Brown also complained businesses were being hampered by delays to the process of approving new company directors.

Daily Record

People due to renew home or car Insurance urged to haggle to make annual savings

The average increase for car insurance is £35 and £41 for home insurance.

The Independent UK

Insurance customers could make savings by haggling and switching, says Which?

Some insurance customers have seen prices rise despite a ‘loyalty penalty’ ban having been introduced at the start of this year, Which? said.

Reason

San Jose Unified School District Likely Discriminated Against Fellowship of Christian Athletes, Based on …

the FCA's requirement that leaders "abide by a Statement of Faith, which includes the belief that sexual relations should be limited within the context of a marriage between a man and a woman" -- so holds a Ninth Circuit's panel.

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