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The Latest Breaking News from FCA

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

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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

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"

Wales Online

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

The Guardian - UK

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

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

Evening Standard

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

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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

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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.

Tribune News Service

Stellantis CEO's direct compensation nearly $19M in 2021

The CEO of the maker of Jeep SUVs and Ram pickup trucks received $18.9 million (16.8 million euro) in direct compensation during his first year leading Stellantis NV.

The Independent UK

Fewer people living within reach of banks and building societies as branches shut

The number of bricks-and-mortar branches of larger banks and building societies providing personal current accounts fell in the third quarter of 2021.

The Independent UK

Fewer people living near major banks and building societies as branches shut

The number of bricks-and-mortar branches of larger banks and building societies providing personal current accounts fell in the third quarter of 2021.

Birmingham Post

Go-Ahead Group to publish results this week following franchise investigation delays

The Newcastle firm's shares have been suspended since January but it will soon apply to the FCA for the restoration of the listing

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