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Review of terminal illness benefits within life insurance protection products
FCA review of insurance companies’ approaches to terminal illness benefits to make recommendations for improvement. -
FCA fines LBGI £90 million for failures in communications for home insurance renewals between 2009 and 2017
The FCA has fined LBGI (Lloyds Bank General Insurance Limited, St Andrew’s Insurance Plc, Lloyds Bank Insurance Services Limited and Halifax General Insurance Services Limited) £90,688,400 for failing to ensure that language contained within -
Almost 4,000 customers due redress totalling £1.7 million from payday firm CashEuroNet, says FCA
It is important that firms carry out appropriate affordability checks and pay particular attention to fair treatment of those who have trouble meeting their loan repayments.”. -
Debt management firms still failing Britain’s most vulnerable consumers, says FCA
car. The adviser not only failed to tell her this assumption may have been incorrect, but recommended a debt management plan that would take 125 years to pay off, well beyond -
FCA publishes outcome of testing behavioural remedies to address under repayment of credit card debt
The FCA has published the outcome of a programme of behavioural research. The research looked at different ways repayment options can be presented to credit card customers to encourage those making low repayments to repay more when they can afford -
Payday lender Cash Genie to provide £20 million redress to over 92,000 customers
Following discussions with the FCA, in July 2014 Cash Genie formalised its commitment to investigate past practices and pay redress to consumers under a voluntary requirement. -
Mark Starling sentenced to 5 years’ imprisonment in FCA prosecution of £3m investment fraud
Mark Barry Starling, aged 57 of Farnham, Surrey, was today sentenced at Southwark Crown Court to 5 years’ imprisonment for defrauding investors of just under £3 million in relation to unauthorised investment schemes he operated between 2008 and -
PS13/6 FCA Regulated fees and levies 2013/14 - Including feedback on CP13/1 and ‘made rules’
Here, we are publishing the 2013/14 periodic regulatory fees and levies rules for the FCA, Financial Ombudsman Service and Money Advice Service. -
FCA begins High Court Proceedings against Samuel Golding, Shantelle Golding, Digital Wealth Limited and Outsourcing Express Limited
On 4 February 2019 the FCA commenced proceedings in the High Court against Samuel Golding, Shantelle Golding and two of their companies, Digital Wealth Limited and Outsourcing Express Limited (the Defendants). -
PS23/1: Extended asset retention requirement for firms under the British Steel Pension Scheme consumer redress scheme
Final rules to extend asset retention rules for certain firms who provided transfer advice to BSPS members. We also summarise feedback to CP22/22.