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6 Towns Credit Union enters administration
6 Towns Credit Union Limited was placed into administration on 5 September 2023 and has now stopped trading. -
FCA launches review of treatment of Politically Exposed Persons
The FCA has today set out issues it will consider as part of a review of the treatment of domestic Politically Exposed Persons (PEPs) by financial services firms. -
Two individuals face bans and £1.3m fine for pension transfer advice failings
The FCA has decided to fine Toni Fox £681,536 and David Price £632,594 for their roles in operating a flawed pension advice process. -
Update on the FCA's wholesale data market study
We have published an update report on the wholesale data market study. -
Verex Insurance Services Limited enters administration
On 18 August 2023 Verex Insurance Services Limited entered administration. Gary Pettit of PBC Business Recovery and Insolvency Ltd was appointed as administrator. -
We invite Politically Exposed Persons to share their experiences
We have written to MPs, peers and other interested parties -
FCA analysis reveals there are fewer than 1 million interest-only mortgages outstanding
The number of interest-only (750,000) and part-interest-only (245,000) mortgages has halved since 2015, new FCA analysis has found -
FCA finds fund managers’ value assessments significantly improved, but still work to do
Following a review of fund managers’ value assessments, we found that while many firms have better practices in place, some still require improvement. -
We request data from banks on account closures
FCA sends information request to the largest banks and building societies. -
Watch out for signs of loan fee fraud as summer spending fuels financial pressure
With summer in full swing, the FCA launches its latest campaign to help consumers spot and avoid loan fee fraud.