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FCA helps people navigate their financial lives with simplified mortgage rules
Borrowers will find it easier to remortgage, saving time and money, under changes confirmed by the FCA. -
Premium hikes driven by claims costs, but insurers told to improve claims handling
The FCA has revealed that while rising motor insurance premiums are largely driven by external cost pressures, shortcomings persist in how some insurers handle claims. -
Protections to help Buy Now Pay Later borrowers navigate their financial lives
Buy Now Pay Later (BNPL) borrowers will benefit from key protections in place for other types of lending, under proposals put forward by the FCA. -
Seven crypto ATMs seized and two arrested on suspicion of running illegal cryptoasset exchange
Two individuals have been arrested on suspicion of money laundering and running an illegal cryptoasset exchange. -
FCA fines Barclays £42 million for poor handling of financial crime risks
The FCA has fined Barclays Bank UK PLC and Barclays Bank PLC a total of £42 million for separate instances of failings in its financial crime risk management – one relating to WealthTek and one relating to Stunt and Co. -
FCA sets faster targets for authorisations
We plan to speed up processes for firms and individuals seeking authorisation, recognising the potential this has to support UK growth and competitiveness. -
FCA lowers costs for businesses raising capital in support of growth
Stripped back rules will make it easier for companies to raise the money they need to grow, supporting the UK's leading capital markets. -
FCA and PRA cut senior manager regime red tape to help boost growth
Proposed changes to the Senior Managers & Certification Regime will make it more effective and efficient, and drive growth in financial services. -
Redress system reforms to prevent compensation delays and provide predictability needed for innovation
The FCA and Financial Ombudsman Service are seeking to modernise the financial redress system to help prevent it becoming overwhelmed, delaying consumer compensation. -
Alti Re Limited and Alvarium Fund Managers (UK) Limited enter administration
Alti Re Limited and Alvarium Fund Managers (UK) Limited have entered administration. David Soden and Matthew Mawhinney were appointed joint administrators.