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The Latest Breaking News from FCA

Labour piles pressure on Sunak with plan to prevent ‘mortgage catastrophe’

Shadow chancellor Rachel Reeves says party would force banks to take a range of steps to protect borrowers

The Guardian - UK

Labour would force banks to help struggling borrowers to diffuse ‘mortgage bomb’

Chancellor Jeremy Hunt was accused by his Labour shadow Rachel Reeves of ‘standing by’ as millions struggle.

The Independent UK

Roaming Polansky and the Constitutionality of Qui Tam

Three decades later, the George H.W. Bush SCOTUS strategy finally has three votes.

Reason

From analysis to the latest developments in health,
read the most diverse news in one place.

The FCA is tying itself in knots on non-financial misconduct

The FCA should pull back and let the police and courts do their work

Evening Standard

Crispin Odey’s hedge fund disbanding after sexual misconduct allegations

Odey Asset Management forced into move by investors pulling funds in response to claims against Tory donor

The Guardian - UK

Meta urged to act on rising consumer fraud scams

Heightened fraud sees British bank outline steps for Meta to regain control of scams on its platforms.

TechRadar

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

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From Ely in Cardiff to being at the heart of regulating UK financial services

Sheldon Mills was told by a teacher to forget about ever becoming a lawyer

Birmingham Post

52% of people with disabilities ‘negatively affected by bank branch closures’

Consumer group Which? carried out research among more than 2,700 bank customers with disabilities.

The Independent UK

Crispin Odey brokers review ties over sexual misconduct allegations

Odey Asset Management ‘doesn’t recognise picture of firm painted’ by accusers

The Independent UK

Two more major investors cut ties with hedge fund founded by Crispin Odey

Schroders and Canada Life cut ties after 13 women accuse Odey of abuse or harassment over decades, which he denies

The Guardian - UK

UK’s biggest banks urged to increase ‘measly’ savings rates

MPs question why some savers are receiving only 0.25% despite 12 consecutive Bank of England interest rate rises

The Guardian - UK

Government 'as committed as ever to pension dashboards' despite latest delay

New legislative deadline of October 2026 imposed to give more time for the 'complex build'

Insider UK

Crypto ads will need to carry risk warnings under new UK rules

From October, firms will also have to offer new buyers a ‘cooling off’ period before they invest

The Guardian - UK

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The Independent UK

Crackdown on firms marketing cryptoassets to be introduced by City regulator

Crypto firms will also have to place appropriate risk warnings in marketing, and a cooling-off period will be introduced under the plans.

The Independent UK

Holidaymakers with medical conditions ‘face barriers to finding the right cover’

More than a third with pre-existing medical conditions had encountered problems buying travel insurance in the past three years, Which? said.

Motor1

Ferrari Says It Doesn't Make Sense To Buy Other Supercar Brands

The Prancing Horse prefers partnerships instead of having companies under the corporate umbrella.

Birmingham Post

The huge number of people in Wales struggling to pay their bills

Financial services sector regulator the FCA said that borrowers can get help from their lenders

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news in one place.

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Daily Mirror

Brits to save thousands of pounds under new debt rules – what it means for you

The Financial Conduct Authority (FCA) is banning certain providers of debt advice from receiving referral fees from debt solution providers with the new rules kicking in from today

The Independent UK

FCA bans referral fees for debt packagers to help people struggling with debt

Existing debt packager firms will need to develop a new way of doing business by October 2 or face regulatory action, the financial watchdog said.

Birmingham Post

Administrators find £81m potential shortfall in WealthTek client money as director's assets frozen

The Financial Conduct Authority says it is investigating the firm and its founder John Dance over potential regulatory breaches relating to client money and custody assets, and criminal offences of fraud and money laundering.

Daily Mirror

Best savings rates as banks STILL short-changing customers by £100s each year

The warning from Which? comes after the Financial Conduct Authority (FCA) wrote to high street banks to ask them to justify their lower savings rates ahead of the new Consumer Duty

The Guardian - UK

‘It’s a massive ask’: is Binance capable of being regulated?

Crypto exchange says it will do everything possible to change UK watchdog’s mind but opacity remains an issue for US as well

The Independent UK

Campaigners welcome new Government plans on ‘free access to cash’

The changes were introduced in amendments put forward by ministers late on Thursday to the Financial Services and Markets Bill.

The Independent UK

New rules proposed to strengthen protections for struggling borrowers

The Financial Conduct Authority is proposing to make requirements for lenders that were put in place during the pandemic permanent.

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