Press releases

FCA acts to protect consumers transferring out of defined benefit pension schemes

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The Financial Conduct Authority has today published a package of pension related proposals designed to improve the quality of pension transfer advice, and to help consumers get better value from their pension.

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FCA calls for consumers to think back, then act as PPI deadline closes in

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With only one month to go until the 29 August 2019 PPI complaints deadline, the Financial Conduct Authority (FCA) is urging consumers to jog their memories back to the 1990s and 2000s when they may have bought products and were mis-sold PPI at the same time.

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Further details of Independent Investigation into London Capital and Finance announced

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Dame Elizabeth Gloster, has made a first announcement of how she will conduct the investigation into the relevant events relating to the regulation of London Capital & Finance plc.

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FCA issued Final Notices against Cathay International Holdings Limited, its CEO and Finance Director

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On 3 June 2019, the FCA published Decision Notices concerning Cathay International Holdings Limited, Mr Jin-Yi Lee, its CEO and Mr Eric Siu, its Finance Director.

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FCA announces extension to its use of the temporary transitional power

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The Financial Conduct Authority (FCA) today confirmed it intends to extend the proposed duration of the directions issued under the temporary transitional power to the 31 December 2020. This is to reflect the extension of Article 50. Other than the additional time the FCA’s approach remains unchanged.

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FCA fines Standard Life Assurance Limited £30 million for non-advised pension sales failures

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The Financial Conduct Authority (FCA) has today fined Standard Life Assurance Limited (SLAL) £30,792,500 for failures related to non-advised sales of annuities.

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FCA launches consultation guiding firms on the fair treatment of vulnerable customers

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The Financial Conduct Authority (FCA) has today launched a consultation on proposed guidance for firms on the fair treatment of vulnerable customers.

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FCA proposes new rules to help consumers with pre-existing medical conditions access suitable travel insurance

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The Financial Conduct Authority (FCA) has today launched a consultation on proposals designed to help consumers with pre-existing medical conditions (PEMCs) have better access to travel insurance products.

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Richard Baldwin conviction for money laundering revealed after reporting restrictions lifted

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On 13 July 2017, Richard Baldwin was convicted of dealing in criminal property between October 2007 and November 2008. The criminal property laundered was £1.5 million representing the proceeds of a conspiracy to insider deal by Martyn Dodgson and Andrew Hind. Mr Baldwin used off-shore companies, bank accounts and false invoices to effect his money laundering.  

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HSBC agrees to extend redress scheme for customers impacted by historical debt collection practices

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HSBC has voluntarily agreed to extend its redress scheme for customers who may have lost out by paying an unreasonable debt collection charge imposed by HFC Bank Ltd (HFC) and John Lewis Financial Services Limited (JLFS), the Financial Conduct Authority (FCA) has announced today. Both HFC and JLFS are now part of HSBC UK Bank Plc.

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