The Latest Breaking News from FCA

Nigeria’s GT Bank fined in UK over money-laundering failures

Financial watchdog says GT Bank, a repeat offender, has not disputed the findings and agreed to settle.

Al Jazeera · Jan 10, 2023

Rule changes take the FTSE into a new diversity dawn

The financial watchdog’s new regime is bringing a harder edge to voluntary schemes for race and gender representation

The Guardian - UK · Jan 7, 2023

Pensions expert shares seven things to consider before retiring during cost of living crisis this year

A single person will need about £11,000 a year to achieve the minimum standard of living in retirement.

Daily Record · Jan 4, 2023

TSB fined £48m over IT migration meltdown; UK house prices ‘could fall 5%’ in 2023 soft landing – as it happened

Nationwide says a ‘relatively soft landing’ in housing market is possible, while TSB is penalised for operational failings over botched move to new IT platform in 2018

The Guardian - UK · Dec 20, 2022

Regulators say pensions system needs change after mini-budget turmoil

The Pensions Regulator said that there are important lessons to be learned in how schemes invest the money of pension holders.

The Independent UK · Dec 14, 2022

Christmas shoppers warned about rising risk of loan fee scams

Victims of the fraudsters stand to lose an average of £260

Wales Online · Dec 14, 2022

Metro Bank fined £10m for misleading investors

FCA also penalises two of challenger bank’s former top executives

The Guardian - UK · Dec 12, 2022

Martin Lewis warns of 'huge payment shock' for mortgage holders in the spring

The MoneySavingExpert founder attended a Mortgage Summit in Downing Street to talk to lenders about what they can do to help to homeowners

Chronicle Live · Dec 9, 2022

Martin Lewis warns of ‘huge payment shock’ for millions of homeowners

The MoneySavingExpert founder has warned Brits on cheap fixed deals to brace themselves for sky-high mortgage rates - as many will come off deals taken out when average rates were as little as 2.34% last year

Daily Mirror · Dec 9, 2022

Santander fined £100million for money laundering failures - with 560,000 accounts affected

The Financial Conduct Authority (FCA) the bank "failed to properly oversee and manage" systems aimed at verifying information - with more than 560,000 business customers affected

Daily Mirror · Dec 9, 2022