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FCA and PRA publish Decision Notices given to former CEO who paid excessive remuneration to his wife to reduce his tax liability
The Financial Conduct Authority (‘FCA’) and the Prudential Regulation Authority (‘PRA’) have decided to ban and fine Stuart Malcolm Forsyth, the former CEO of a small mutual insurer, £78,318 and £76,180 respectively. The regulators’ -
22 years of pension savings gone in 24 hours
The FCA and The Pensions Regulator are warning the public about fraudsters targeting people’s retirement savings. This warning comes as new research suggests that 42% of pension savers, which would equate over 5 million people across the UK, could -
New appointments to Financial Conduct Authority board announced
Three new appointments to the board of the Financial Conduct Authority (FCA) have been made by the Economic Secretary to the Treasury today. -
FCA urges victims of illegal loan scheme to come forward
The Financial Conduct Authority has urged customers who took out a loan with Mr Dharam Prakash Gopee to contact them as they may be eligible for compensation. -
FCA confirms help for mortgage prisoners
The Financial Conduct Authority (FCA) confirms that it has removed barriers that stop some mortgage customers from finding a cheaper mortgage deal. -
CashEuroNet UK LLC enters administration
On 25 October, CashEuroNet UK LLC, trading as QuickQuid, Pounds to Pocket and Onstride, was placed into administration. Chris Laverty, Trevor O’Sullivan and Andrew Charters from Grant Thornton UK LLP were appointed as Joint Administrators. -
FundingSecure Ltd enters administration
News story on FundingSecure Ltd entering administration. -
FCA seeks compensation for Park First investors
FCA has started proceedings against Park First Limited and seeking compensation orders in favour of investors. -
FCA data show 4.29m complaints for first half of 2019
The Financial Conduct Authority has published the complaints figures for regulated firms for the first half of 2019. The data showed an increase in complaints from 3.91m in the second half (H2) of 2018 to 4.29m for the first half (H1) of 2019. -
PPI complaints handling update
We are aware that the volume of PPI checking enquiries and complaints sent to firms increased significantly during August 2019 in the run-up to the complaints deadline on 29 August. As a result, firms will not be able to meet their normal complaint