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Insurance providers warned not to undervalue cars or other insured items when settling claims
Insurance firms have been warned not to undervalue cars and other insured items when settling insurance claims especially during the cost of living squeeze. -
FCA fines Pembrokeshire Mortgage Centre Ltd £2.4m for serious failings in relation to the British Steel Pension Scheme
The FCA has fined Pembrokeshire Mortgage Centre Limited (PMC) (trading as County Financial Consultants) (in liquidation) £2,354,331 for giving consumers unsuitable advice to transfer out of the British Steel Pension Scheme and other defined benefit -
FCA sets out plans to improve engagement with pensions
The FCA publishes a consultation on standards for operators of pension dashboards, and sets out requirements for providers of non-workplace pensions. -
FCA highlights continuing concerns about problem firms in the CFD sector
FCA has written to CFD providers outlining expectations and highlighting areas of poor practice seen in firms. -
FCA proposes ways to make financial advice more accessible
As part of its consumer investment strategy, the FCA has set out new proposals to improve people’s access to financial advice so they can invest with confidence. -
FCA fines Julius Baer International Limited £18m and publishes decision notices for three individuals
We have fined Julius Baer International Limited £18,022,500 for failing to conduct its business with integrity, failing to take reasonable care to organise and control its affairs and failing to be open and cooperative with the FCA. -
FCA confirms plans to deliver redress to over 1,000 former British Steel Pension Scheme members
The FCA has published final rules for a redress scheme for former members of the British Steel Pension Scheme (BSPS) who received unsuitable advice to transfer out. -
Restrictions placed on Micro-E C.I.C
We have imposed a number of requirements on Micro-E C.I.C.), an authorised High-Cost Lender -
Further consultation and announcements on the wind-down of LIBOR
We are proposing to require LIBOR’s administrator, IBA, to continue to publish the 1-, 3- and 6-month US dollar LIBOR settings under an unrepresentative ‘synthetic’ methodology until end-September 2024. After this, publication would cease -
Code of Conduct for ESG data and ratings providers
The FCA announces the formation of a group to develop a Code of Conduct for Environmental Social and Governance (ESG) data and ratings providers.