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The Latest Breaking News from Financial Conduct Authority

Hartley Pensions enters administration at request of Financial Conduct Authority

Directors at the Bristol-based self-invested personal pension provider have acknowledged the company is now insolvent

Birmingham Post

Yorkshire IT firms ORIIUM and Pavilion snapped up by iomart Group in £10.5m deal

The Scottish tech firm has acquired the £10m turnover Concepta Capital group

Birmingham Post

100 new jobs set to be created in Leeds as Financial Conduct Authority to move into new city centre offices

The financial watchdog will recruit 100 people in the city

Leeds Live

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Financial Conduct Authority to recruit 100 people for Leeds city centre offices

The watchdog will recruit 100 people in the city

Birmingham Post

Save £800 by avoiding 'loyalty penalties' for services, says charity warns

Citizens Advice finds many people could save more than the £400 government energy discount simply by shopping around after their phone, broadband and phone contracts end

Wales Online

Squeezed households paying loyalty penalty for key services, charity warns

Citizens Advice said tackling the issue could be worth more to some households than the £400 discount on energy bills this winter.

The Independent UK

Ripped-off steelworkers lost £80,000 pension cash as watchdog failed to act

An investigation published today ruled that the Financial Conduct Authority (FCA) failed to protect the British Steel pension scheme - with some members missing out on as much as £489,000 in life savings

Daily Mirror

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Financial Conduct Authority names Hong Kong regulator as chair

Ashley Alder will join UK watchdog, which is mired in internal strife, in January 2023

The Guardian - UK

Financial watchdog urges consumers struggling with rising prices to seek help

Sheldon Mills, executive director of consumers and competition at the FCA, told the PA news agency the organisation and lenders have to be proactive.

The Independent UK

Experts issue urgent warning amid circulating loan scam targeting 'financially vulnerable'

Experts have issued an urgent warning amid as scam that has been on the go for the last year targeting people who are in need of financial help - many of which have seen hundreds if not thousand being drained from their banks.

Edinburgh Live

Buying crypto is like a game of pin the tail on a donkey

City Voices: Bitcoin is no longer gossip at the school gates

Evening Standard

Many buy now, pay later customers ‘borrowed money to make repayments’

Government plans law change to bring some forms of unregulated BNPL products into Financial Conduct Authority regulation

Wales Online

London Metal Exchange sued for £360 million over suspended nickel market

The London Metal Exchange is being sued for $456 million (£363 million) over its decision to suspend nickel trading and cancel a day of trades.

Evening Standard

From deep tech to high finance, why Leeds is luring companies north

The city’s pool of skilled workers is attracting startups and big name companies alike

The Guardian - UK

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Daily Record

Couple fear they've lost £60k life savings after investing with businessman linked to Scots space port

Chris Sheppard and wife Elaine handed the money to Michael Haston who was previously at the centre of a fraud investigation.

Daily Record

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.

Asharq Al-Awsat

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…

Chronicle Live

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

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Wales Online

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

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

The Independent UK

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.

Wales Online

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

The new scheme has been welcomed by campaigners

Evening Standard

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

Admiral car insurance review

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

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

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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