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The Latest Breaking News from FCA

Biggest rent-to-own firm PerfectHome collapses with thousands of customers affected

PerfectHome has been the biggest rent-to-own firm since Brighthouse collapsed, and lent customers cash to buy household goods, but it has now fallen into administration

Daily Mirror

Scammers try to sell fake shares in London-listed coal miner Thungela

The company has reported the scam to the FCA and regulators in its native South Africa

Evening Standard

Funeral firm Safe Hands goes under leaving customers at risk

45,000 people who had saved up to pay for their funeral face losing money after the plan provider collapsed into administration

Chronicle Live

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Thousands of funeral plans at risk as provider collapses into administration

Safe Hands has collapsed into administration following financial hardship likely 'linked to the pandemic'

Liverpool Echo

Funeral provider Safe Hands collapses putting 45,000 customer plans at risk

Funeral provider Safe Hands will no longer take any direct debit or standing order payments after hiring FRP Advisory to oversee the insolvency process - and it won't be able to take on any new customers either

Daily Mirror

Yorkshire funeral plan firm Safe Hands collapses, putting services in doubt

Administrators have taken control of the Wakefield firm

Birmingham Post

Collapse of funeral plan firm Safe Hands leaves services in doubt

The company has hired administrators from FRP Advisory to oversee the insolvency process.

The Independent UK

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Ethnic minority drivers in England and Wales 'pay £250 more' for car insurance, Citizens Advice claims

The charity has published results of a year-long analysis

Wales Online

Drivers from ethnic minorities 'paying £250 more' for car insurance in England

As part of a year-long investigation, Citizens Advice analysed 18,000 car insurance costs reported by people across England and Wales, and uncovered some concerning disparities

Daily Mirror

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

Drivers paying 'ethnicity penalty' for car insurance, Citizens Advice investigation finds

On average, people from ethnic minority backgrounds paid £250 a year more than white people, the report has discovered

Birmingham Post

Motorists paying ‘ethnicity penalty’ for car insurance, says Citizens Advice

People from ethnic minority backgrounds face paying hundreds of pounds more a year than white people typically, analysis by the charity suggests.

The Independent UK

Plans to protect pre-paid funeral customers set to start this summer under new FCA rules

From July, customers will be protected if their authorised plan provider fails.

Daily Record

British Steel pension savers suffer losses, new report reveals

Many have not been fully compensated having opted to transfer out of original scheme after being given unsuitable advice by third parties

Birmingham Post

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Wales Online

Thousands of steelworkers lost money in 'one of the biggest financial rip-offs of working people in south Wales'

"These steelworkers were badly let down, left at the mercy of rogue advisers, scammers and shameless introducers without any of the necessary support or advice they needed"

The Guardian - UK

Thousands of UK steelworkers victims of pension regulation scandal, says NAO

Some members of British Steel pension scheme have incurred losses of up to £489,000

Evening Standard

Questions for the London Metal Exchange to answer over nickel market chaos

City Comment: The FCA should investigate why the nickel market is closed

Benzinga

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.

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The Guardian - UK

UK sanctions confusion left Evraz investors not knowing where to stand

Trading in steelmaker’s shares continued for an hour after Roman Abramovich sanctions were announced

Insider UK

Financial regulator sounds investment scams warning

Scams involving cryptocurrency were among the most commonly reported

Wales Online

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

Daily Mirror

Brits will get thousands more if a company mistreats them under new claims crackdown

Making a claim when you're owed money is normally free, but claims firms can also help out for a fee. Now the money regulator has brought in tough new rules that cap how much consumers will pay out

Motor1

Stellantis Pays Late FCA Boss Marchionne's Estate More Than Tavares

This has been revealed in the company's annual report for 2021.

The Independent UK

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.

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