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FCA announces plan to deliver significant redress to Woodford investors
Following an investigation by the FCA, Link Fund Solutions has agreed to provide, with a material contribution from its ultimate parent, Link Administration Holdings (Link Group), a significant redress payment to investors in the LF Woodford Equity -
Millions of customers together save nearly £1 billion due to overdraft rule changes
Improved overdraft rules brought in by the FCA have reduced high fees for unarranged borrowing, removed complex charging structures and introduced help for those who were repeatedly using their overdraft. -
Joint Regulatory Oversight Committee sets out recommendations for the next phase of open banking in the UK
Report from the Joint Regulatory Oversight Committee (JROC) with recommendations for the next phase of open banking in the UK. -
British Steel pension redress scheme legal challenge dropped
The FCA welcome's the BSAG’s decision to drop the legal challenge against their decision to set up a redress scheme for former BSPS members. -
The USD LIBOR panel ceases at end-June 2023: Are you ready?
It is now less than 90 days until the USD LIBOR panel ceases on 30 June 2023, marking another critical milestone in the necessary transition to robust Risk-Free Reference Rates (RFRs). -
FCA to lead GFIN Greenwashing TechSprint
The FCA will be among 13 international regulators taking part in the Global Financial Innovation Network's first ever Greenwashing TechSprint. -
FCA and ASA team up with Sharon Gaffka to warn fin-fluencers of risks of promoting illegal ‘get rich quick’ schemes
We and the ASA will be engaging with influencers, providing them with clear information about what could be an illegal financial promotion. -
Three individuals convicted and sentenced to a combined 24 and a half years for 'all-or-nothing’ investment fraud
Three people have been convicted for investment fraud and sentenced to a total of 24 and a half years for their roles, in a prosecution brought by the FCA. -
Four individuals face fraud charges
FCA starts criminal proceedings against 4 individuals for conspiracy to commit fraud and for conspiracy to carry out regulated activity without authorisation. -
FCA sets clear plan for next 12 months
In the second year of its 3-year strategy, the FCA plans to accelerate 4 areas of its work over the next 12 months through further investment and increased resources.