The Latest Breaking News from FCA

Younger adults ‘more likely to think long-term when dating than when investing’

The Financial Conduct Authority is encouraging people to apply the same principles to investing as they would to dating.

The Independent UK · May 23, 2023

Global watchdog calls for UK to regulate crypto in same way as stocks and bonds

Iosco recommendation runs counter to MPs’ stance that cryptocurrency trading should be treated as form of gambling

The Guardian - UK · May 23, 2023

Newcastle nightclub and pub The Lofts and The Hustle shut down as administrators called in

The city centre venues have ceased trading as the result of a financial investigation into a separate firm owned by director John Dance

Birmingham Post · May 23, 2023

6% annual increase in average price paid for home insurance

The average price of combined home buildings and contents insurance has increased at a below-inflation rate over the past year, the ABI said.

The Independent UK · May 17, 2023

More than 10m people across UK struggling to pay bills and credit repayments this year

Some six-in-10 Scots are worried about affording their bills this year amid the cost of living crisis.

Daily Record · May 17, 2023

80% of cancer patients unable to safely take a holiday abroad

Neil Pearce, co-founder of cancer charity PLANETS, described the situation as a “scandal”

Wales Online · May 17, 2023

More than 10 million UK adults struggling with bills and credit repayments

Number admitting to struggle grows by 3 million in one year

The Independent UK · May 16, 2023

More than 10 million UK adults struggling with bills and credit repayments – FCA

Around 5.6 million adults were estimated to have missed bills or loan payments in at least three of the previous six months, the FCA said.

The Independent UK · May 16, 2023

Give customers a fair deal or else, finance regulator warns sector

The Financial Conduct Authority will soon launch the ‘consumer duty’, a tough new regime supposed to ensure firms put people’s needs first

The Guardian - UK · May 15, 2023

WANdisco warns it will run out of cash in two months as it seeks ‘urgent’ $30 million capital raise

Beleaguered tech firm WANdisco has sounded the alarm on its cash levels as it seeks a speedy $30 million capital raise to avert its demise.

Evening Standard · May 15, 2023