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The Latest Breaking News from FCA

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

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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

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

The Guardian - UK

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

Benzinga

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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

Daily Mirror

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.

The Independent UK

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.

Motor1

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

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

Wales Online

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

The Guardian - UK

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.

Evening Standard

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.

Daily Record

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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.

The Guardian - UK

Where will struggling households turn to after UK clampdown on payday lenders?

Market once dominated by Wonga has halved but some industry figures say there could be role for more tightly regulated sector

The Guardian - UK

Crypto crash: how a teacher’s dream investment turned into a nightmare loss

Small-scale investors left counting the cost this year after value of digital assets fell off a cliff

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The Guardian - UK

Jacob Rees-Mogg to sell London offices as civil servants work from home

Minister had urged staff to go into office and attacked FCA over working from home

The Guardian - UK

City regulators clear HBOS ex-bosses of misconduct over bank’s near-collapse

Watchdogs say six-year investigation had determined no grounds for action against unnamed individuals

Evening Standard

Amigo customer numbers halve in a year

Company enforced self-imposed market pull back two years ago after FCA run in

Evening Standard

Doorstep lender Morses Club sinks to £43m loss as claims surge from borrowers

The firm said its status as a viable business in the months ahead relied on a slowdown in the number of claims being made

Evening Standard

Citigroup hit with £12.6 million fine by main City market watchdog

FCA finds the bank failed to reach requirements on surveillance to identify market abuse

Evening Standard

City watchdog warns buy-now-pay-later firms to follow rules on social media promotions

Why it could be time for TikTok stars to brush up on the UK’s rules covering financial advertising

The Guardian - UK

Buy now, pay later firms in UK warned over influencer ads on social media

Financial Conduct Authority will take action if posts do not inform consumers of debt risks

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