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Financial watchdog warns insurers to protect customers’ wellbeing during cost of living squeeze
The Financial Conduct Authority (FCA) has written to insurers urging them to protect customers as the cost of living rises -
DP 21/2: Diversity and inclusion in the financial sector – working together to drive change
We are engaging financial firms and other stakeholders in a discussion on how we can accelerate the pace of meaningful change on diversity and inclusion in the sector. -
FCA announces competition review into credit cards - particular focus on how industry works with those in difficult financial situations
There is however, a duty of care to consumers, and I think it’s important for there to be clarification of whether competition is working in their interests.”. ... This week, the FCA took over regulation of consumer credit and published low income -
How innovation and regulation in financial services can drive the UK's economic growth
Speech by Sheldon Mills, Executive Director, Consumers and Competition delivered at the CityUK Annual Conference 2023. -
FCA bans former Co-operative Bank Chair, Paul Flowers, from the financial services industry
The Financial Conduct Authority (FCA) has banned the former Chair of Co-operative Bank PLC (Co-op Bank), Paul Flowers, from the financial services industry. -
CP17/40: Individual accountability: Transitioning FCA firms and individuals to the Senior Managers & Certification Regime
Earlier this year, we consulted on how the regime will apply to firms and individuals. ... Consumers may be interested how individual accountability is being enhanced within financial services. -
FCA: New strategic approach to ensure “sharper focus” to regulatory challenges ahead
The approach is shaped by a strategy that will provide a "sharper focus" on how firms are regulated and on delivering the right outcome for consumers and the markets. ... Several structural changes to how the organisation works will complement this new -
Clydesdale Bank fined £8.9 million for failing to treat its mortgage customers fairly
This process has been agreed with the FCA, which has an objective to secure an appropriate degree of protection for consumers. ... Clydesdale will now write to all customers who were affected by the error who did not receive compensation following the -
PS15/3: Final rules for independent governance committees, including feedback on CP14/16
pensions. IGCs will have a duty to act solely in the interests of scheme members and will operate independently of the provider. ... consumers who are members of workplace personal pension schemes and consumer groups seeking better protection for -
New Chairs of the FCA Practitioner Panel and Markets Practitioner Panel announced today
The Financial Conduct Authority Chair, Charles Randell, has today announced the appointments of new Chairs for the FCA’s independent Practitioner Panel and Markets Practitioner Panel.