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The Latest Breaking News from FCA

Motor insurance prices drop to their lowest levels in more than six years

A shake-up of insurance pricing in January ended a ‘loyalty premium’ paid by existing customers.

Daily Record

Three questions you must ask to avoid screen sharing scam as victim loses £48,000

Those working from home could be most at risk as cases continue to rise

Liverpool Echo

Warning on one thing you should never do as scammers take £48,000

The simple IT request has become familiar to many of us working from home

Wales Online

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Motor insurance price falls to lowest level since 2015

The average price for new policies has increased but renewals have decreased after an insurance shake-up earlier this year.

The Independent UK

9 finance and legal solutions to make life easier

We round up products and services to help you make the most of your money

The Independent UK

Staff at financial regulator take to picket line for the first time

Around 120 workers will strike on Wednesday and Thursday

Insider UK

Klarna to report product use and missed payments to UK credit reference agencies

Klarna said it will protect customers and provide the industry with greater visibility of BNPL use, helping to improve affordability assessments.

The Independent UK

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McColl’s shares to be suspended as auditors cannot sign off accounts

Shares in the convenience store business will be suspended from June 1

Birmingham Post

Stellantis Will Produce Electric Cars In Serbia

Stellantis announced a €190 million ($200 million) investment to produce electric cars at its plant in Kragujevac, Serbia.

InsideEVs

How to buy Bitcoin (BTC)

Bitcoin - the largest and best-known cryptocurrency - was born from a rising distrust of government and financial institutions after the global financial crisis of 2008.

Evening Standard

How to buy Ethereum

Launched in 2015, Ether is the second-largest global cryptocurrency by volume behind Bitcoin. It can be traded as an investment (ticker: ETH), and is the native currency of the Ethereum software platform.

Evening Standard

‘Ludicrous, laughable’: Everywhere Babies author reveals her shock after picture book is targeted for ban in Florida

Susan Meyers was ‘shocked’ when she heard her beloved children’s book had fallen victim to the Sunshine State’s latest book ban, she tells Josh Marcus

The Independent UK

City watchdog warns of cyber crime risk for new banks

Six of the top UK “challenger” banks have weak financial controls that leave them at risk of being victims of money laundering, terrorist financing, fraud and cyber-crime, the top City watchdog warned today.

Evening Standard

Listed firms told to appoint more women to their boards or explain why not

The rules are set to come into force this time next year

Birmingham Post

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Daily Mirror

P&O workers losing their jobs warned of risk that could wipe out pension pots

Hundreds of P&O Ferries workers laid off last month are in danger of switching their retirement funds into less generous alternatives, financial experts are warning

The Guardian - UK

Cryptocurrency firm linked to Philip Hammond still lacks UK approval

Former chancellor’s hopes of $15m windfall from stake in Copper Technologies at risk

Daily Record

British Steel pension savers could see retirement income boosted from share of £71m compensation

Payments are expected to start from the end of 2023.

Evening Standard

Amigo Loans rescue moves step closer as FCA says it won’t oppose new plan

Amigo Loans had previously said that it risked insolvency if it paid out more than 10p in the pound

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news in one place.

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Evening Standard

FCA launches turnaround plan after being dubbed ‘not fit for purpose’

The City watchdog will publish performance metrics for the first time

The Independent UK

Financial Conduct Authority plans faster response against ‘problem firms’

The watchdog said it was concerned more households could turn to credit lenders during the cost-of-living crisis, which could lead to greater fraud.

The Independent UK

Peer-to-peer lending as part of a diversified portfolio

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

Wales Online

H&T Pawnbrokers to refund customers £2m after loan probe

One in ten high-cost, short term loans should not have been granted

Evening Standard

London Metal Exchange faces FCA and Bank of England investigation over nickel market shutdown

The LME suspended nickel trading on the morning of March 8 after Russia’s invasion of Ukraine resulted in ‘disorderly’ price moves

The Guardian - UK

London Metal Exchange faces review over nickel trading chaos

Bank of England and FCA to examine suspension of market at start of Russia’s invasion of Ukraine

The Independent UK

Bank of England and FCA to review London Metal Exchange over nickel suspension

The exchange suspended nickel trades from Tuesday March 8 after Russia’s invasion of Ukraine resulted in significant volatility.

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