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FCA finds ‘serious failings’ at 30 consumer credit firms 

The Financial Conduct Authority is taking steps to intervene in the cost of living crisis after finding 30 consumer credit firms failing in some areas. 

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FCA uses emergency powers to restrict BSPS advice firms

 

The Financial Conduct Authority today used emergency powers to block many of the financial advice firms who gave advice to members of the British Steel Pension Scheme (BSPS) from selling assets to avoid paying compensation.

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FCA plans new Consumer Duty for firms

The FCA is to consult on a sweeping new 'Consumer Duty' which will compel firms to do more to protect consumers from harm and bad financial decisions. 

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FCA wants tougher regulation of appointed reps 

The FCA is consulting on plans to significantly strengthen regulation of appointed representatives (ARs) after analysis showed firms employing appointed reps suffered four times as many complaints as firms not using appointed reps. 

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