Category : Search result: FCA investigation


FCA: UK Finance's Old Tech Poses 'Significant' Risk

The UK's Financial Conduct Authority has raised a major red flag, revealing that a large portion of the nation's finance sector is dangerously reliant on outdated technology, posing a severe threat to operational resilience and consumer protection.

UK Contactless Payment Limit Doubles to £200

The UK's financial regulator, the FCA, has officially confirmed a huge increase to the contactless payment limit, raising it from £100 to £200. This landmark decision promises to revolutionise how Britons pay for their shopping, offering greater speed and

Middlesbrough Body Discovery: Police Launch Major Probe

A major police investigation is underway in Middlesbrough after a man's body was discovered in a residential flat. Emergency services rushed to the scene on Waverley Street, with the area cordoned off as forensic teams work to establish the circumstances.

UK Contactless Payment Limit Could Be Scrapped

The UK is poised to scrap its £100 contactless payment limit, paving the way for unlimited 'tap and go' spending. This major financial shake-up promises faster checkouts but raises new security questions for consumers.

Contactless Payment Limit Jumps to £100 in UK

Shoppers across the UK are set for a spending revolution as the contactless payment limit is permanently increased from £45 to £100, marking the biggest change since its introduction.

30M UK Drivers Owed Billions in Car Finance Scandal

A seismic investigation by the FCA into discretionary commission arrangements could see millions of British motorists claim compensation for unfairly inflated car finance payments. Here's how to check if you're affected.

BBC editor cleared over edited Sunak interview

A BBC Breakfast editor has been exonerated after an internal investigation into the editing of a PM Sunak interview, which sparked accusations of censorship from viewers.

Barclays & BoS Face Massive Fines Over Unfair Mortgages

The UK's financial watchdog, the FCA, is set to impose significant penalties on Barclays and Bank of Scotland for failing to offer existing customers the same competitive mortgage rates available to new clients, a practice affecting thousands of borrowers

UK Savings Crisis: Average Easy Access Rate Plummets

Exclusive analysis reveals a growing savings gap in the UK, with high street banks offering paltry returns while the best easy-access deals deliver 25 times more interest. Discover why loyal customers are losing out.

Labour investigates Angela Rayner over tax affairs allegations

Deputy Labour leader Angela Rayner is under internal investigation by her own party over allegations surrounding her tax affairs and past council house sale. The probe, confirmed by leader Keir Starmer, follows scrutiny of her financial dealings.

FCA Warning: Banks Failing Savers on Interest Rates

Exclusive: The Financial Conduct Authority has uncovered a major failure by UK banks to pass on interest rate rises to savers, disproportionately harming vulnerable and older customers. Discover the findings and what it means for your money.

SFO Drops Fraud Probe Into Construction Giant Hanson

The Serious Fraud Office has abruptly closed its criminal investigation into Hanson, one of the UK's largest construction material suppliers, without bringing any charges. The probe, which examined suspected bribery and corruption, has been shut down afte

Man Found Dead In Burned-Out Car In Westminster

A major police investigation is underway after the grim discovery of a man's body inside a burnt-out vehicle on a central London street, with forensic teams scouring the scene for clues.

FCA Reviews Rules as Top Enforcer Joins Hedge Fund

The Financial Conduct Authority launches an urgent review into its conflict of interest policies after its former head of enforcement, Therese Chambers, takes a senior role at a US hedge fund, raising serious concerns about the City's 'revolving door' cul

FCA Alert: Protect Your Money From Clone Firm Scams

Exclusive: The Financial Conduct Authority issues an urgent warning as sophisticated 'clone firm' investment scams skyrocket, with criminals stealing millions from UK savers. Learn how to spot the red flags.

FCA Investigates Aberdeen Over Dubai Operations Compliance

The UK's Financial Conduct Authority launches an investigation into Aberdeen's Dubai operations, raising serious questions about oversight in the emirate's burgeoning financial district and compliance with international standards.

Savings Crisis: 75% of Top Accounts Vanish

Exclusive analysis reveals a savings crisis as the number of best-buy accounts plummets by 75%, costing UK households billions in lost interest amid the inflation squeeze.

FCA warns of rising financial scams in UK

The Financial Conduct Authority (FCA) has issued a stark warning about increasing financial scams targeting UK consumers. Learn how to spot and avoid these fraudulent schemes.

Neil Woodford fined £2.5m over fund collapse

Former star fund manager Neil Woodford and his investment firm have been fined millions for misleading investors and mismanaging funds, marking a dramatic fall from grace.

FCA cracks down on misleading financial promotions

The Financial Conduct Authority (FCA) has issued new warnings to financial firms over misleading promotions, with 450 alerts issued in just three months. Learn how this affects consumers and firms.

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