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The Latest Breaking News from Financial Conduct Authority

Fraud rap Scots space station investor launches £250k-a-week finance firm

Michael Haston was nan was a major investor in Scotland's space race.

Daily Record

UK to Guarantee Access to Cash as Banks Shut Branches

The UK government on Wednesday said it would legally guarantee access to cash as banks increasingly shut branches in the digital age. "Millions of people across the UK will benefit from new legislation to protect access to cash," the Treasury said in a statement. Under the legislation, the Financial Conduct…

Asharq Al-Awsat

Cruel screen-sharing scam cost victim £48,000 - how to avoid making same mistake

The Financial Conduct Authority (FCA) says more than £25 million has been lost since January 2021

Chronicle Live

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Nearly quarter of free-to-use cash machines have gone since 2018

Almost half of bank branches have been earmarked for closure since 2015

Wales Online

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

Thousands of Welsh steelworkers to get compensation over British Steel pension scandal

The new scheme has been welcomed by campaigners

Wales Online

British Steel pensioners to get £71 million compensation after bad advice

The Financial Conduct Authority said on Thursday it would pay £71 million in compensation to members of a British Steel pension scheme (BSPS) who were wrongly advised to give up their guaranteed pensions.

Evening Standard

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Admiral car insurance review

Established in 1993, Admiral began by specialising in car insurance before eventually expanding into travel, home, pet and van insurance.

Evening Standard

Ethnic minorities are paying more for car insurance than white people

A Citizens Advice investigation has found that the average difference in cost is £250 a year in England and Wales

Wales Online

UK Regulator Bans Crypto ATMs: 'People Should Be Prepared To Lose All Their Money'

United Kingdom financial regulator Financial Conduct Authority (FCA) has ordered all cryptocurrency automated teller machines (ATMs) — machines autonomously selling cryptocurrency, usually Bitcoin (CRYPTO: BTC) — to be shut down.

Benzinga

The latest scams to watch out for as more and more people get caught

The Financial Conduct Authority said it had seen a jump in people getting in touch

Wales Online

Financial Conduct Authority offers staff new deal with 5% pay rise

The financial watchdog has faced criticism from unions after changes meant an end to bonuses.

The Independent UK

Fee cap for claims management firms comes into force

The Financial Conduct Authority estimates the changes will collectively save people around £9.6m per year.

The Independent UK

New rules for buy now, pay later customers

The Financial Conduct Authority (FCA) said it was concerned there was a potential risk of harm to consumers

Wales Online

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The Independent UK

Buy now, pay later firms making contract terms fairer and easier to understand

The Financial Conduct Authority said it was concerned there was a potential risk of harm to consumers as a result of the way terms had been drafted.

The Independent UK

Former Rangers owner Craig Whyte to face trial in September

Whyte is accused of failing to provide passwords for laptops and phones needed as part of an investigation by the Financial Conduct Authority.

Evening Standard

UK boss of Winklevoss crypto exchange Gemini says ad rules need rethink

Blair Halliday, UK head for Gemini, says current proposals from the Treasury and Financial Conduct Authority could hurt the nascent industry

The Independent UK

Financial Conduct Authority staff back industrial action over pay changes

Members of the Unite union working at the watchdog have voted in favour to go on strike by 87%, the union has revealed, urging the FCA to negotiate.

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The Guardian - UK

UK financial watchdog staff edge closer to strike over pay cuts

Unite union says cost-cutting would turn Financial Conduct Authority into ‘bargain-basement’ regulator

The Independent UK

Financial Conduct Authority staff to vote on strike action over pay changes

Unite the Union is balloting members over whether to take industrial action over new pay rules being introduced by the financial regulator.

Daily Mirror

Plot to fleece the Government's £2billion Kickstart jobs scheme exposed

A network of multiple "invisible" companies accused of being behind scores of fake jobs that raked in £1,500 grants a time

Daily Record

Experts warn people need more pension support before they retire to help make best money decisions

The Financial Conduct Authority said that consumers describe pensions as a ‘minefield’.

Birmingham Post

Clampdown announced on misleading cryptocurrency adverts

Under the plans, the promotion of cryptoassets will come under Financial Conduct Authority (FCA) rules

The Independent UK

Clampdown on misleading cryptocurrency adverts announced

The promotion of cryptoassets will be subject to Financial Conduct Authority rules, in line with the same standards as other financial promotions.

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