FCA censures Admiral over PPI complaint mishandling
The Financial Conduct Authority has publicly censured Admiral Insurance for systematically mishandling PPI complaints, failing to properly investigate claims, and unfairly rejecting customers.
Category : Search result: financial services
BOE Governor: EU Rules Pose Material Risk to UK Stability
Andrew Bailey cautions that Brussels' post-Brexit financial regulations could create 'material risk' for the UK, urging for greater cooperation to prevent market fragmentation.
FCA pays £30k after Ombudsman ruling over misleading advice
The Financial Conduct Authority has been ordered to pay compensation after the Financial Ombudsman Service ruled it gave 'unclear and misleading' advice to a customer of Admiral Insurance.
Cash Crisis: 53% of UK's Free ATMs Vanish Since 2018
Exclusive investigation reveals Britain's alarming cash access crisis as free ATMs disappear and bank branches shut down, hitting vulnerable communities hardest. Regulatory action demanded.
Lloyds blocks card over twin sister identity mix-up
A Lloyds Banking Group customer reveals how a system error mistakenly linked her identity to her twin sister, leaving her unable to access her new credit card and trapped in a bureaucratic loop for weeks.
ANZ Bank fined record £240m for charging deceased customers
ANZ Bank has been hit with a monumental £240 million penalty for a litany of serious failures, including charging fees to deceased customers. The Federal Court condemns the bank's 'widespread' and 'systemic' misconduct.
Reeves condemns Barclays over Tube Wi-Fi shutdown
Chancellor Rachel Reeves condemns Barclays' decision to withdraw funding from the London Underground's free Wi-Fi service, warning it damages both consumers and the UK's digital economy.
Reeves slams Barclays over Tube cash decision
Chancellor Rachel Reeves condemns Barclays' move to scrap cash services at London Underground ticket offices, vowing government action to protect access to physical currency for vulnerable communities.
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has raised a major red flag, revealing that a large portion of the nation's finance sector is dangerously reliant on outdated technology, posing a severe threat to operational resilience and consumer protection.
Autumn 2025 Bank Closures: Full List of Shutting Branches
Exclusive: Major UK banks including Barclays, Lloyds, and HSBC announce a fresh wave of branch closures for Autumn 2025, leaving communities without vital local banking services and raising concerns about financial exclusion.
Standard Life Aberdeen to Cut 500 Jobs in Restructure
Financial giant Standard Life Aberdeen announces 500 job cuts as part of a £75m cost-saving initiative, aiming to streamline operations and boost profitability.
Self-Employed Crisis: Millions Without Sick Pay Safety Net
Exclusive investigation reveals how 3.5 million self-employed workers are left financially vulnerable with no statutory sick pay protection amid rising illness rates.
Reform UK to Strip FCA of Banking Powers if Elected
Reform UK announces radical manifesto pledge to abolish the Financial Conduct Authority's power to regulate banks, promising a bonfire of red tape for the financial sector.
New Rule Lets Banks Hide Signs of Financial Distress
A controversial new regulation permits UK banks to temporarily hide key indicators of financial instability, sparking debate between consumer protection and financial stability.
Streeting Secures UK-Japan Economic Pact on Tokyo Mission
In a major post-election move, Chancellor Wes Streeting secures a landmark partnership with Japan's government and financial leaders in Tokyo, signalling a new era of UK economic diplomacy and investment.
Rugby Australia's $80m Debt Crisis Puts Future in Jeopardy
Rugby Australia is battling a staggering $80m debt. The upcoming British & Irish Lions tour and a new broadcast deal are now critical to saving the sport from financial ruin.
Why Britain Isn't Ready to Ditch Cash
As the UK races towards a cashless future, a growing movement of consumers, experts, and activists are pushing back. Discover the compelling financial, psychological, and societal reasons why cold, hard cash isn't ready for the history books just yet.
UK's Cash Exodus: The Rapid Rise of the Cashless Society
Exclusive research reveals the UK's rapid shift towards a cashless society, uncovering the regions and demographics leading the charge and those at risk of being left behind.
Thousands Lose Life Savings in Australian Super Fund Collapse
Exclusive: A major superannuation fund collapse has wiped out the life savings of thousands of Australians, sparking government scrutiny and a desperate fight for justice. Discover the full story.
UBS Moves Key Operations from London to EU Hubs
Swiss banking giant UBS is moving core operations from London to European centres in Paris, Frankfurt, and Madrid, marking a significant strategic shift following its Credit Suisse acquisition and Brexit.
Wellness App Offers High-Interest Loans to Low-Paid Workers
Exclusive investigation reveals UK financial wellbeing app targets vulnerable low-wage workers with costly credit products, raising serious ethical concerns about the fintech sector.
Reeves Forges New Pact with UK Banks to Boost Economy
Chancellor Rachel Reeves hosts landmark meeting with UK banking chiefs, unveiling a new 'shared commitment' to boost competitiveness and economic growth. Exclusive details on the new Mansion House reforms.
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.
13-Year-Old's Heartbreaking Life as Mum in UK Care Crisis
Exclusive images and interviews reveal the devastating reality of a teenage girl forced into motherhood at just 13, highlighting Britain's growing epidemic of child carers and the systemic failures putting vulnerable children at risk.
Best UK Banks 2024 Rankings Revealed
Discover the official rankings of the best UK banks in 2024. Find out which banks lead in customer service, digital banking, and overall satisfaction.
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.
Citizens Advice Calls for FOS Reform Amid Delays
Citizens Advice urges an overhaul of the Financial Ombudsman Service, citing delays and inefficiencies as consumer complaints surge.
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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