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The Latest Breaking News from the Financial Conduct Authority

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

Daily Mirror

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.

Birmingham Post

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

Daily Mirror

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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.

The Independent UK

Younger adults ‘more likely to think long-term when dating than when investing’

The Financial Conduct Authority is encouraging people to apply the same principles to investing as they would to dating.

The Independent UK

London’s financial dominance is under siege

City Voices: There’s a growing narrative that London is closing the door on business and our institutions are doing nothing to counter it. This vacuum is being filled by influential executive public anger.

Evening Standard

Give customers a fair deal or else, finance regulator warns sector

The Financial Conduct Authority will soon launch the ‘consumer duty’, a tough new regime supposed to ensure firms put people’s needs first

The Guardian - UK

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How to trade cryptocurrency

If you want to trade cryptocurrency, all you need is a connection to the internet, a computer or smartphone and a sum of money to invest that you’re very comfortable losing. Here’s more on trading cryptocurrency.

Evening Standard

Barclays AGM disrupted by Spice Girl-themed climate protests; oil and gas prices slide – as it happened

Protesters demand an end to Barclays funding fossil fuel projects

The Guardian - UK

Bravemansgame given green light to face Galopin Des Champs in Punchestown Gold Cup

English raider Bravemansgame will run at Punchestown for Paul Nicholls

Irish Mirror

On course for huge debts: how adult training 'colleges' could leave you deep in the red

Lending to cash-strapped students has been compared to the payday loans scandal

Daily Mirror

WANdisco faces financial watchdog investigation following potential fraud

The Yorkshire tech firm has confirmed moves by the Financial Conduct Authority to look at more than a year's worth of financial statements

Birmingham Post

FCA investigates WANdisco amid fraud concerns

The UK’s finance watchdog has begun an investigation into beleaguered tech firm WANdisco amid concerns over fraud.

Evening Standard

Favourite banned from Grand National meeting after owner’s ‘serious regulatory issues’

Bravemansgame was due to run in the Aintree Bowl Chase on Thursday but was forced to withdraw at the last minute

The Independent UK

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The Guardian - UK

Bravemansgame blocked from running on Aintree’s opening day by court order

Bravemansgame, the likely favourite for Wednesday’s Grade One Aintree Bowl Chase, was sensationally taken out of the feature race on the opening day of this year’s Grand National meeting by a court order

Irish Mirror

Bravemansgame not permitted to run at Aintree after Financial Conduct Authority intervention

Bravemansgame had been due to run in Thursday’s Alder Hey Aintree Bowl Chase.

The Independent UK

Black and Asian people still paying higher car insurance as watchdog accused of being ‘nowhere to be seen’

Citizens Advice reiterates concerns about 'worrying' link between ethnicity and insurance prices

IT Pro

Can regulation shape cryptocurrencies into useful business assets?

One of the more complex corners of the technology industry businesses often refrain from touching is the cryptocurrency market. Built on a principle of a decentralised market, away from the prying eyes of central bodies or governments, and utilising blockchain technology to provide a clear and concise record of all…

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news in one place.

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Daily Mirror

Can Facebook really still be advertising investment scams? You Meta believe it

Savers at risk because social media giant fails to tackle the running sore of frauds on its platform

The Independent UK

Extend net zero planning to all big companies or risk climate goals, Rishi Sunak warned

Exclusive: Major private firms say failure to extend transition planning threatens UK’s ambition to be world’s first net zero-aligned financial centre

The Guardian - UK

Pensions: why do those retiring face ‘massive’ losses despite FTSE highs?

Retired planner was shocked to see that his Aviva pension had dropped 20% in value last year

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