Financial Conduct Authority
The latest news, updates and opinions on Financial Conduct Authority from the expert team here at MoneyWeek
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Bank of Baroda closes doors to UK retail banking
After almost 70 years of operating in the UK, one of India’s largest bank is shutting up shop in the UK retail banking market. We explain everything you need to know if you have savings or a current account with Bank of Baroda
By Vaishali Varu Published
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The rise and fall of finfluencers as FCA clamps down on poor advice
FCA clamps down on ‘finfluencers’ - but will it protect consumers from ‘bad advice’? Kalpana Fitzpatrick looks at the rise and fall of finfluencers
By Kalpana Fitzpatrick Published
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£250bn sitting in low interest rate savings accounts
Advice Data from the Bank of England showed billions of pounds are sitting on accounts earning no interest as the biggest lenders fail to pass rates on to consumers. Better rates may not stick around for long, so this is why you need to act fast.
By Nicole García Mérida Last updated
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FCA: Banks with lowest savings rates to face “robust action”
The regulator has unveiled a new 14 point plan that will force savings providers to justify low interest rates on easy access savings accounts - will your savings get a boost?
By Nicole García Mérida Published
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Mortgage help from today: lenders pledge more help as rates soar
Banks and building societies have agreed to offer more flexibility to homeowners struggling with rising mortgage rates. We explain what mortgage help that’s been announced
By Ruth Emery Last updated
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FCA tells banks to speed up savings rate increases
Record profits and low savings rates spurred the FCA to meet with some of the UK’s top banks.
By Tom Higgins Published
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Watchdog summons banks to explain paltry savings rates
Savings rates trail mortgage rates - and the financial watchdog has summoned banks to a meeting amid concerns of profiteering.
By Katie Binns Last updated
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Four money apps to help your cut your spending
Advice These four money apps will help you cut your bills, cancel unwanted subscriptions, grow your savings, and even file your tax return.
By Ruth Emery Last updated
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FCA to force “cooling-off period” for new crypto investors
News Firms will have ensure investors have the appropriate knowledge and experience to invest in crypto as the FCA cracks down on the industry.
By Tom Higgins Last updated
News
