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FCA strengthens consumer protection by speeding up removal of firms that do not use their regulatory permission
Businesses are required to prove they are carrying out the regulated activities they are permitted to or face losing this permission -
Rainbow Saver Anglia Credit Union Limited enters administration
Rainbow Saver Anglia Credit Union Limited was placed into administration on 18 May 2022 and has now stopped trading. James Sleight and Peter Hart of PKF Geoffrey Martin & Co Limited have been appointed as joint administrators. -
Five individuals banned and fined for causing losses to pension customers
The FCA has prohibited five directors of financial advice firms from working in financial services and fined them over £1 million, after they caused significant losses to pension customers. -
FCA warns businesses to stop misleading credit adverts to protect consumers
The FCA is warning lenders and brokers to stop using misleading terms in their advertising or face regulatory action. -
North East Warrington Credit Union enters administration
FSCS will return members’ money within 7 days from when the credit union was declared in default. -
'Sharing my screen cost me £48,000' – half of investors would miss signs of screen sharing scam as FCA warns of 86% increase
The FCA launches latest ScamSmart campaign aimed at raising awareness of increasingly sophisticated investment scam tactics. -
Greenlight Credit Limited (trading as Varooma) enters administration
On 3 May 2022, Greenlight Credit Limited, trading as Varooma, went into administration. Martin Charles Armstrong and Andrew Richard Bailey of Turpin Barker Armstrong were appointed as Joint Administrators. -
FCA makes senior hires
As the FCA continues its transformation, it has recruited three experienced individuals to its senior leadership team. -
City of Plymouth Credit Union Limited enters administration
City of Plymouth Credit Union (CPCU) Limited was placed into administration on Wednesday 27 April 2022 and has now stopped trading. -
FCA announces asset retention rules for British Steel advice firms
The Financial Conduct Authority (FCA) is using emergency powers to prevent financial advice firms, who advised members of the British Steel Pension Scheme (BSPS), from disposing of assets to avoid paying compensation.