The Latest Breaking News from Financial Conduct Authority

New consumer duty sets higher and clearer standards for financial firms

Overseen by the Financial Conduct Authority, it aims to ensure consumers are at the heart of what companies do.

The Independent UK · Jul 30, 2023

Banks recognise savers need more help accessing best rates, says City regulator

The Financial Conduct Authority said it had held a ‘constructive’ meeting with savings providers.

The Independent UK · Jul 6, 2023

More women on UK boards but number of female bosses flatlines

Proportion of women on boards of 585 FTSE all-share listed companies rises from 36% to 40%, data shows

The Guardian - UK · Jun 15, 2023

Beleaguered London fintech Railsr agrees rescue sale in bid to avoid collapse

Struggling fintech Railsr is set to be rescued from collapse after it agreed a sale to a consortium of investors.

Evening Standard · Mar 9, 2023

Klarna joins Laybuy and Clearpay in charging a fee to late payers

New £5 charge from March 16 will reduce the likelihood of borrowers falling behind, according to Klarna boss

Chronicle Live · Mar 2, 2023

Martin Lewis calls for urgent help for mortgage prisoners trapped on 'inescapable' rates

Martin Lewis has been campaigner for help for mortgage prisoners, a term used for homeowners who have been trapped on high rates since the 2008 financial crisis

Daily Mirror · Mar 2, 2023

The equity release myths and your questions

Peter McGahan, chief executive of Cornwall-based Worldwide Financial Planning, addresses ‘a few old tales’ circulating around equity release

Birmingham Post · Feb 24, 2023

Charity slams insurers for refusing to cover losses suffered during lockdown

'The insurers seem to be saying we should have carried on regardless'

Daily Mirror · Feb 23, 2023

Neil Woodford funds scandal moving to an end as Waystone bids for Link

The UK fund industry has learnt the lessons of the Woodford disaster, says Waystone boss

Evening Standard · Feb 21, 2023

New buy now pay later regulations will be a wake-up call for lenders

City Comment: Some consumers don’t understand the potential dangerous implications of entering into multiple BNPL agreements

Evening Standard · Feb 21, 2023