News
FCA’s approach to ensuring firms treat customers’ fairly
Speech by Nisha Arora, Director, Consumer and Retail Policy at the FCA, delivered at the TISA Vulnerability Conference. Read full article here….
Culture & Governance
Improving culture in financial services is a continuing priority for the FCA. FCA updated article, read here….
Sophos sale hampered by FCA Change in Control blunder
Today was meant to be Brit security biz Sophos’s last day on the London Stock Exchange following its £3bn purchase by a US venture capital company. But there’s been a bump in the road, a stick in the wheel, because Sophos was a member of the UK government’s “cycle...
FSCS hikes broker levy up by £11m for 20/21
The Financial Services Compensation Scheme (FSCS) has announced a levy increase of £11m for brokers in its Plan and Budget for 2020/21. According to the FSCS’s forecast, the general insurance distribution class is expected to pay a levy of £23m for the financial year, up from £12m in 2019/20. To read the...
FCA head Andrew Bailey named as Bank of England governor
Andrew Bailey has been announced as the new governor of the Bank of England by Chancellor Sajid Javid. Bailey has been appointed for an eight-year term and will receive a yearly salary of £495,000. He will succeed current governor Mark Carney on 16 March 2020. Bailey has served as chief executive...
FCA release Consultation Paper
We have today published our Consultation Paper ‘Guidance for firms on the fair treatment of vulnerable consumers’ . We are consulting on new draft guidance for firms that sets out the FCA’s view on what firms should be doing, under our Principles for Businesses, to ensure that vulnerable...
FCA warns of Moneysupermarket clone
The aggregator is the latest firm to be targeted by fraudsters. The Financial Conduct Authority (FCA) has issued a warning that price comparison website Moneysupermarket has been cloned. Fraudsters have been attempting to trick customers by pretending to be the aggregator. The regulator warned that scammers may use Moneysupermarket’s real details to fool customers,...
FCA publishes Annual Report and Accounts 2018/19
To read the article and see the report please click here….
