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The Latest Breaking News from FCA

Meet the Stanley foster parents who have helped to give 22 vulnerable children a better life

Delia and Franz Cox, from County Durham, have been fostering children for seven years, including young people from different countries and backgrounds - here is their story

Chronicle Live

Repayment plans pushing thousands into deeper debt

Individual voluntary arrangements are an alternative to bankruptcy, but it is feared they are being widely mis-sold

The Guardian - UK

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

The new scheme has been welcomed by campaigners

Wales Online

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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

Watchdog sets out £71m plan to help British Steel pension savers

Thousands of people might have been given bad advice to switch their pension pot.

The Independent UK

Fund manager failed to declare benefits from Greensill, says UK regulator

FCA reveals Tim Haywood did not report dinner at Buckingham Palace or private jet trip to Sardinia

The Guardian - UK

Top investment director flew on Greensill’s private plane, officials say

The Swiss asset manager and its employee were fined a total of £9.3 million in December

The Independent UK

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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

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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Wales Online

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

Daily Mirror

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

Wales Online

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

Birmingham Post

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

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The Independent UK

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.

Daily Record

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.

Birmingham Post

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

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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