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  1. Rent-to-own provider BrightHouse to provide over £14.8 million in redress to around 249,000 customers

    Press Releases

    Published: 24/10/2017

    Last modified: 24/10/2017

    Following engagement with the FCA, BrightHouse has committed to pay over £14.8 million (in the form of cash payments and balance adjustments) to 249,000 customers in respect of 384,000 agreements for lending which may not have been affordable and
  2. FCA fines Merrill Lynch £34.5 million for failing to report transactions

    Press Releases

    Published: 23/10/2017

    Last modified: 23/10/2017

    Merrill Lynch International (MLI) has been fined £34,524,000 by the Financial Conduct Authority (FCA) for failing to report 68.5 million exchange traded derivative transactions between 12 February 2014 and 6 February 2016.
  3. FCA bans debt management couple for misappropriating client money

    Press Releases

    Published: 23/10/2017

    Last modified: 23/10/2017

    The Financial Conduct Authority (FCA) has today banned Adrian and Christine Whitehurst, former directors of debt management firm First Step Finance Limited (now dissolved), for dishonestly misappropriating client money. Over 4000 customers lost a
  4. Update on the FCA’s review of RBS’s treatment of SME customers referred to its Global Restructuring Group

    Press Releases

    Published: 23/10/2017

    Last modified: 23/10/2017

    The Financial Conduct Authority (FCA) today publishes an interim summary of the independent review of Royal Bank of Scotland’s (RBS) treatment of small and medium-sized enterprise (SME) customers transferred to its Global Restructuring Group (GRG).
  5. New FCA complaints data: 3.32 million complaints about financial services in the first six months of 2017

    Press Releases

    Published: 23/10/2017

    Last modified: 23/10/2017

    The Financial Conduct Authority (FCA) has today published the data on the number of complaints reported by firms for the first half of 2017.
  6. Financial Conduct Authority outlines lessons learned in year one of its Regulatory Sandbox

    Press Releases

    Published: 20/10/2017

    Last modified: 20/10/2017

    The Financial Conduct Authority (FCA) has today published a report outlining how the regulatory sandbox (sandbox) has met its objectives over the first year of operation.
  7. FCA reveals findings from its first Financial Lives Survey

    Press Releases

    Published: 18/10/2017

    Last modified: 18/10/2017

    The Financial Conduct Authority (FCA) has today published the results of its Financial Lives Survey 2017.
  8. Rio Tinto plc fined £27m for breaching Disclosure and Transparency Rules

    Press Releases

    Published: 17/10/2017

    Last modified: 17/10/2017

    The Financial Conduct Authority (FCA) has fined Rio Tinto plc (Rio Tinto) £27,385,400 for breaching Disclosure and Transparency Rules (Disclosure Rules). 
  9. FCA launches the Asset Management Authorisation Hub

    Press Releases

    Published: 16/10/2017

    Last modified: 05/04/2023

    The FCA has launched its new asset management authorisation hub.
  10. FCA fines and bans wife and bans husband financial advisor for lack of integrity

    Press Releases

    Published: 12/10/2017

    Last modified: 12/10/2017

    The Financial Conduct Authority (FCA) has banned Mrs Colette Chiesa and Mr John Chiesa from working in financial services for integrity failings. Additionally, Mrs Chiesa has been fined £50,000 for attempting to mislead the FCA during an FCA
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