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The Latest Breaking News from FCA

Down the pan: PLC Ultima plugger Des Amey scarpers to the toilet when confronted by the Mirror

Cryptocurrency PLCu price has plummeted around 90% but investors are still being recruited

Daily Mirror

100 new jobs set to be created in Leeds as Financial Conduct Authority to move into new city centre offices

The financial watchdog will recruit 100 people in the city

Leeds Live

Financial Conduct Authority to recruit 100 people for Leeds city centre offices

The watchdog will recruit 100 people in the city

Birmingham Post

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FCA sentenced to pay $300M in diesel emissions cheating case

DETROIT — A federal judge on Monday sentenced the U.S. division of Stellantis NV to pay $300 million in penalties and forfeitures for cheating on government emissions testing on "clean EcoDiesel" for Jeep Grand Cherokee SUVs and Ram 1500 pickup trucks.

Tribune News Service

New rules set to clamp down on adverts promoting high-risk investments

Financial Conduct Authority announcement bans certain incentives to invest, such as 'refer a friend bonuses'

Insider UK

New rules to clamp down on adverts promoting high-risk investments

The FCA’s new rules will ban investment companies from offering certain incentives to invest, such as ‘refer a friend bonuses’.

The Independent UK

Only buy a pre-paid funeral plan from an authorised provider, says watchdog

The Financial Conduct Authority has released a list of providers it is authorising, as it took over regulation of the sector on Friday.

The Independent UK

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Ex-Carillion executives face £1m in fines over ‘market abuse’ claims

Richard Howson, Richard Adam and Zafar Khan appeal against watchdog findings that they ‘acted recklessly'

The Guardian - UK

Pre-paid funeral plan providers held to new FCA standards from Friday

All authorised providers will need to follow new rules, which include a ban on cold calling.

The Independent UK

More than 3,000 funeral plan customers in limbo as firm runs out of money

Unique Funeral Plans has stopped trading and is insolvent, accountants say, but the firm has thousands of customers now facing an uncertain future - with no refunds

Daily Mirror

‘Equality is personal for me’: UK watchdog frontrunner faces whispering campaign

Sheldon Mills, the crusading lawyer and chair of Stonewall, is being targeted over trans issues as he runs to lead the Competition and Markets Authority

The Guardian - UK

Full list of funeral firms unable to sell pre-pay plans after Friday

Financial watchdog names the providers banned from selling policies when new regulations come into force on July 29

Chronicle Live

Bosses at City firms could face fines for failing to prioritise consumers

FCA’s new rules are expected to help reduce call wait times, end rip-off charges and make it easier to change investments

The Guardian - UK

New consumer duty for firms ‘will lead to major shift in financial services’

City regulator outlines new rules which should improve how firms treat their customers

Insider UK

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ABC News

Financial counselling 'cleaned up so much mess' after Jacqueline's life was devastated by unexpected trauma

Jacqueline Goodwin became a widow with two babies at the age of 25. She says a financial counsellor helped her overcome extreme budget stress and she's not alone, with experts expecting a spike in mortgage repossessions amid the rising cost of living.

Daily Mirror

Ripped-off steelworkers lost £80,000 pension cash as watchdog failed to act

An investigation published today ruled that the Financial Conduct Authority (FCA) failed to protect the British Steel pension scheme - with some members missing out on as much as £489,000 in life savings

The Independent UK

City watchdog failed British Steel pension savers, MPs say

The Financial Conduct Authority has been criticised by MPs on the the Public Accounts Committee.

Evening Standard

Amigo learns lessons from FCA run in

Lender posts £170 million profit but moves quickly to explain anomaly

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Evening Standard

City watchdog recruits new chair from Hong Kong regulator

Ashley Alder moving back to London to top job at FCA

The Guardian - UK

Financial Conduct Authority names Hong Kong regulator as chair

Ashley Alder will join UK watchdog, which is mired in internal strife, in January 2023

The Independent UK

Financial watchdog urges consumers struggling with rising prices to seek help

Sheldon Mills, executive director of consumers and competition at the FCA, told the PA news agency the organisation and lenders have to be proactive.

Daily Mirror

Provident confirms payouts for mis-sold loans will hit bank accounts from this week

Customers of short-term lender Provident will be getting back just 4.25% of what they hoped for mis-sold loans, with brands Glo, Greenwood and Satsuma also affected

Edinburgh Live

Experts issue urgent warning amid circulating loan scam targeting 'financially vulnerable'

Experts have issued an urgent warning amid as scam that has been on the go for the last year targeting people who are in need of financial help - many of which have seen hundreds if not thousand being drained from their banks.

Edinburgh Live

Drivers issued with urgent warning amid car insurance scam 'too good to be true'

There's a well-known saying that if something is 'too good to be true' then there's a good chance that it is and therefore you should avoid it and instead start doing your research - now experts have said one type of scam is on the rise.

Glasgow Live

Drivers warned of cheap car insurance scams that are 'too good to be true'

Drivers are being targeted by 'ghost brokers' who claim to offer insurance deals that are cheaper than anything they've seen before. But new research has found these are in fact too good to be true and puts drivers at risk.

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