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Regulatory Oversight

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Regulatory Oversight

Financial ombudsman Q1 data shows 40% drop in complaints from CMCs, 80% uphold rates for pensions

Data from the first quarter of financial year 2025/26 from the Financial Ombudsman Service (FOS), published on August 7, shows...
By Lindsey Rogerson 7th August 2025
Financial ombudsman Q1 data shows 40% drop in complaints from CMCs, 80% uphold rates for pensions

Compliance

Neil Woodford, Woodford Investment Management to appeal £46m FCA fine

The Financial Conduct Authority (FCA) has announced that it is minded to fine Neil Woodford and his eponymous fund management...
By Lindsey Rogerson 5th August 2025
Neil Woodford, Woodford Investment Management to appeal £46m FCA fine

Regulatory Oversight

FCA puts industry cost for motor redress at £9-£18bn, says ‘some firms’ broke law

The Financial Conduct Authority (FCA) will consult on a redress scheme for mis-sold motor finance by early October, following Friday’s...
By Lindsey Rogerson 4th August 2025
FCA puts industry cost for motor redress at £9-£18bn, says ‘some firms’ broke law

Compliance

FCA takes aim at ‘deceptive design’ practices in online loan market

The UK Financial Conduct Authority (FCA) has issued a report detailing good and bad practice by online and in-app loan...
By Lindsey Rogerson 31st July 2025
FCA takes aim at ‘deceptive design’ practices in online loan market

Regulatory Oversight

EBA: national regulators are falling behind on AML/CFT risks

EU national regulators are falling behind on anti-money laundering and countering the financing of terror (AML/CFT) risks, according to the...
By Niece Prayoonrat 31st July 2025
EBA: national regulators are falling behind on AML/CFT risks

Retail

The FCA sprints towards open finance future, outlines priorities for 2026

The UK’s Financial Conduct Authority (FCA) has released the outcomes of its Open Finance Sprint, which hosted representatives from the...
By Elizabeth Lumley 29th July 2025
The FCA sprints towards open finance future, outlines priorities for 2026

Regulatory Oversight

FCA reminds insurers of Consumer Duty obligations, publishes market studies

The UK Financial Conduct Authority (FCA) has reminded firms of their Consumer Duty obligations to check that customers understand products,...
By Lindsey Rogerson 22nd July 2025
FCA reminds insurers of Consumer Duty obligations, publishes market studies

Enforcement Actions

Weak bank customer due diligence in spotlight again after Barclays fined £42 million

Barclays was handed two separate fines by the UK Financial Conduct Authority (FCA) yesterday for failures in its financial crime...
By Lindsey Rogerson 17th July 2025
Weak bank customer due diligence in spotlight again after Barclays fined £42 million
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