FCA May Ban Premium Rate Phone Calls For Finance Customers

By |December 14th, 2014|

Banks and insurers are to be banned from making their customers calls premium rate telephone numbers as part of a series of proposals from the Financial Conduct Authority (FCA), which has also suggested removing the eight-week wait before a customer can take a complaint to the Financial Ombudsman Service.

The city watchdog said the use of […]

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UK Financial Conduct Authority (FCA) Announces Major Restructuring

By |December 11th, 2014|

On December 8, the UK Financial Conduct Authority (FCA) announced a new strategic approach that is intended to provide a “sharper focus” for the agency as it grapples with its new responsibilities and the implementation of new European financial services regulations. Principally, the changes are justified on the basis of making the FCA’s organizational structure […]

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New Strategic Approach Ensuring “sharper focus” To Regulatory Challenges Ahead

By |December 11th, 2014|

The FCA’s remit is far ranging and challenging with the recent additional responsibility for regulating consumer credit meaning the number of firms that now come under the FCA has trebled over the past eighteen months.

The approach is shaped by a strategy that will provide a “sharper focus” on how firms are regulated and on delivering […]

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Pensioners Missing Out On Annuity Deals

By |December 9th, 2014|

Many pensioners are missing out on thousands of pounds of year in income because they are being sold poor value annuities that don’t best meet their needs, the City watchdog said.

In a much anticipated report into retirement income the Financial Conduct Authority concluded that the annuity market is not working as well as it could […]

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