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Retail Prices Index changes and DB pension transfer redress
We will amend our Finalised Guidance for firms on how to calculate redress for unsuitable DB transfers in mid-March 2021 to reflect Government changes to the way that the Retail Prices Index (RPI) inflation measure is calculated from 2030. -
Blue Gate Capital Limited enters liquidation
Blue Gate Capital Limited (Blue Gate) has appointed insolvency practitioners to conduct the liquidation of the firm. -
FCA launches pre-paid funeral plans consultation
The consultation details how we plan to regulate the pre-paid funeral plans sector. -
Google UK & Ireland’s letter to the FCA - 26 February 2021
Google UK & Ireland’s Managing Director, Ronan Harris, wrote a letter on 26 February 2021 to the FCA Chairman and CEO about the work Google have been doing to tackle scam advertisements on their platform. -
FCA censures Premier FX for payment rule breaches
The FCA has publicly censured Premier FX Limited for failing to safeguard its customers’ money and for misuse of its payment accounts under the Payments Services Regulations. -
The Financial Conduct Authority (FCA) makes senior appointments to drive its transformation
Nikhil Rathi, Chief Executive of the FCA since October 2020, has now made four further appointments to the FCA’s executive team. -
FCA responds to High Court decision to stay proceedings in enforcement case
The Claimants issued a judicial review to challenge a decision by the FCA’s Regulatory Decisions Committee not to stay the regulatory proceedings against the first Claimant. -
FCA returns funds to victims of unauthorised deposit taking and collective investment schemes
The FCA has obtained High Court Approval to return £3.42 million to compensate victims of a series of unauthorised deposit taking and collective investment schemes. -
FCA launches guidance for firms on the fair treatment of vulnerable customers
The Financial Conduct Authority (FCA) has published final guidance clarifying its expectations of firms on the fair treatment of vulnerable customers. -
Restrictions placed on Raedex Consortium Limited
On 19 February 2021, the FCA imposed a number of restrictions on motor finance provider Raedex Consortium Limited (Raedex) requiring the firm to cease conducting regulated activities because of concerns about its finances.