The Financial Services Compensation Scheme (FSCS) has forecast that its 2021/22 levy will be £1.04bn, a 48% increase on last year, due to an expected increase in firm failures related to Covid-19.
The FCA plans to introduce a price cap on the fees claims management companies (CMCs) charge customers in relation to claims for financial products and services.
Anti-money laundering firm SmartSearch is warning businesses against ignoring European Union money laundering directives following the UK’s departure from the EU.
The FCA has issued its latest market data on DB transfer advice covering the period October 2018 and March 2020, showing ‘some signs of improvement’ and a ‘significant fall in conversion...
The FCA has warned advisers that risks from misconduct "may be heightened or increased by homeworking", particularly due to increased use of unmonitored or encrypted apps such as WhatsApp.
The FCA has published the results of its Covid-19 financial resilience surveys, showing that around 4,000 solo-regulated firms are are 'heightened risk of failure' as a direct result of the pandemic.
Co-chair of the APPG on Fair Business Banking, Kevin Hollinrake MP, has submitted a formal complaint under the Senior Managers and Certification Regime (SMCR) concerning Lloyds Banking Group’s...