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Strathkelvin Credit Union enters administration
Strathkelvin Credit Union Limited was placed into administration on 22 February 2022 and has now stopped trading. Dina Devalia, Simon James Bonney and Ian William Wright of Quantuma Advisory Limited have been appointed as joint administrators. -
New financial sanctions measures in relation to Russia
Following the Prime Minister’s statement to the House of Commons on 22 February 2022, the UK has announced a tranche of sanctions on Russia. -
Statement on funeral plan provider applications
From 29 July 2022, the Financial Conduct Authority (FCA) will regulate funeral plan providers, following a change in the law. -
Safe Hands Plans withdraws application for authorisation
Safe Hands Plans Limited has withdrawn its application to the FCA for authorisation as a funeral plan provider. Safe Hands Plans will not be taking on new customers. Do not buy a new funeral plan from this firm. -
Bank of England, FCA, PRA and PSR conduct 2021 review of Memorandum of Understanding for payment systems in the UK
Sixth review of the Bank of England, FCA, PRA and PSR Memorandum of Understanding on payment systems in the UK. -
FCA secures contract changes for buy-now-pay-later customers
The Financial Conduct Authority (FCA) secures changes to potentially unfair and unclear terms in the contracts of Clearpay, Klarna, Laybuy and Openpay. -
FCA stops AJH Financial Services Limited disposing of assets without permission
We have stopped AJH Financial Services Limited, a firm that advised on transfers from the British Steel Pension Scheme (BSPS), disposing of assets without FCA permission. -
Xpress Money Services Limited enters special administration
On 11 February 2022, a special administration order was made by the Court in relation to Xpress Money Services Limited (“Xpress”) under the Payment and Electronic Money Institution Insolvency Regulations 2021. David Hudson and Philip Reynolds of -
FCA drives changes to Buy Now, Pay Later (BNPL) firms’ contract terms
This statement summarises the changes made by four BNPL firms to their contract terms and contains guidance for firms in this sector more generally. -
FCA proposes rules for pension providers to help deliver Pensions Dashboards
We set out the critical role regulated pension providers must play in helping to launch the Government’s Pensions Dashboards initiative, which aims to empower savers to engage with their pensions.