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The Latest Breaking News from FCA

FCA to examine how to regulate big tech’s financial services

Firms such as Apple, Google and Amazon could harm competition in UK’s sector, Financial Conduct Authority says

The Guardian - UK

Twitter Rebuffs Elon Musk Layoff Plans Report, Toyota Cuts 2023's Production Target, Vaccine Makers Expect 3x Price Increase In COVID-19 Shot: Top Stories Friday, Oct. 21

Bloomberg

Benzinga

Barclays could be fined £50m for failing to disclose 2008 Qatari deal

Provisional fine relates to £322m bank paid to Gulf state allegedly in exchange for £4bn investment to save lender from bailout

The Guardian - UK

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Barclays facing £50m fine for 'reckless' failures to disclose arrangements with Qatari investors

Bank will take decision to an independent tribunal

Insider UK

Almost eight million Britons struggling to pay bills, watchdog says OLD

60 pof adults across the UK are under “a heavy burden” to pay their bills

The Independent UK

More than half of Britons 'burdened' by soaring bills, personal finance study shows

One in four is in financial difficulty, or at risk of falling into it after any setback

Wales Online

Almost 8m people in UK struggling to pay bills, says City watchdog

One in four adults either in financial trouble or at brink of difficulty, FCA survey finds

The Guardian - UK

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Six in 10 UK adults struggling to keep up with bills – City regulator

Around 31.9 million people, or 60% of UK adults, were estimated to be finding it a heavy burden or somewhat of a burden, FCA research found.

The Independent UK

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

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

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The Independent 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.

Chronicle Live

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

Daily Record

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.

Manchester Evening News

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

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The Independent UK

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.

Motor1

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.

Evening Standard

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

Birmingham Post

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

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

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