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FCA publishes feedback statement on Big Data Call for Input
The Financial Conduct Authority (FCA) today published a feedback statement following its Call for Input on Big Data in retail general insurance. The FCA announced in November 2015 that it wanted to better understand the use of data -
FCA assists innovative companies in tackling coronavirus challenges
Application windows for Cohort 7 of the Regulatory Sandbox and the pilot of a new Digital Sandbox initiative have opened. -
Informed position letters for clients of insolvent firms [pdf]
Template of letter explaining to customers that they may be entitled to redress, setting out their options and outlining how they can make a claim to the Financial Services Compensation Scheme. -
Lenders to pay out up to £47m in redress to borrowers in difficulty
We are consulting on proposals to incorporate the temporary coronavirus tailored support guidance (TSG) for credit and mortgages into the Handbook on a permanent basis. -
Basset & Gold plc (B&G plc) and B&G Finance Ltd (B&G Finance) enter administration
On 1 April 2020 the directors of B&G plc and B&G Finance decided to place the firms into administration. Paul Boyle, David Clements and Anthony Murphy, insolvency practitioners of Harrisons Business Recovery and Insolvency were appointed as -
Open-ended funds investing in less liquid assets
Speech by Edwin Schooling Latter, Director of Markets and Wholesale Policy, to Investment Association members. -
Continuous payment authorities: it is your right to cancel
Find out your rights when cancelling a continuous payment authority and what to do if your bank does not allow you to do this. -
Product value and coronavirus: draft guidance for insurance firms
FCA guidance on our expectations for insurance firms to consider the value of their products in the coronavirus situation. -
Safe Hands Plans withdraws application for authorisation
Safe Hands Plans Limited has withdrawn its application to the FCA for authorisation as a funeral plan provider. Safe Hands Plans will not be taking on new customers. Do not buy a new funeral plan from this firm. -
Inside the mind of a scammer: FCA reveals the tactics investment fraudsters use to deceive over 55s
The FCA has urged over 55s to check investment opportunities are genuine before they part with their money.