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FCA analysis reveals there are fewer than 1 million interest-only mortgages outstanding
The number of interest-only (750,000) and part-interest-only (245,000) mortgages has halved since 2015, new FCA analysis has found -
FCA finds fund managers’ value assessments significantly improved, but still work to do
Following a review of fund managers’ value assessments, we found that while many firms have better practices in place, some still require improvement. -
We request data from banks on account closures
FCA sends information request to the largest banks and building societies. -
Watch out for signs of loan fee fraud as summer spending fuels financial pressure
With summer in full swing, the FCA launches its latest campaign to help consumers spot and avoid loan fee fraud. -
Hastings & Rother Credit Union enters administration
Hastings & Rother Credit Union Limited was placed into administration on 8 August 2023. -
Hamsard 3225 Limited (trading as CLC Finance) enters administration
On 8 August 2023 Hamsard 3225 Limited entered into administration. Robert Maxwell and Julian Pitts of Begbies Traynor (Central) LLP were appointed joint administrators. -
Advice Guidance Boundary Review
The FCA sets out the basis for its joint review of the Advice Guidance Boundary with the Treasury. -
New Chair appointments to FCA’s Markets Practitioner Panel, Practitioner Panel and Listing Authority Advisory Panel
The FCA has appointed Clare Woodman as Chair of the FCA Markets Practitioner Panel, Matt Hammerstein as Chair of the FCA Practitioner Panel, and Mandy Gradden as Chair of the Listing Authority Advisory Panel. -
Financial watchdog wins civil case against Ponzi-like care home investment scheme
The High Court has ruled in favour of the FCA against Robin Forster, the director of a company which took £57 million from 380 investors in an illegal care home investment scheme. -
Consumer Duty sets higher standards for financial services customers
The Duty sets higher standards of consumer protection. Find out what this means for you and what you should do if your provider isn’t meeting these standards.