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The Latest Breaking News from FCA

What changes are the FCA making to credit score files and what does it mean for you?

Your file contains borrowing history and three major agencies carry details on how you handle money

The Independent UK

Millions face longer wait for payouts under motor finance redress scheme plans

The FCA is set to give lenders a three-month implementation period to make redress, with up to five months for older agreements.

Evening Standard

UK oil firm fined £13m for repeatedly publishing inaccurate financial results

Wood Group’s ‘desire to maintain previously stated financial results’ influenced inaccurate reporting, says regulator

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

FCA provides update on £11bn motor finance redress scheme

IN FULL

The Independent UK

Engineering giant fined £13m by financial watchdog over inaccurate accounts

The UK firm was sold to Dubai-based firm Sidara late last year for £216 million

The Independent UK

Wood Group fined £13m by watchdog over inaccurate accounts

The Aberdeen-based business published inaccurate information in financial results published in 2022, 2023 and 2024, the FCA said.

Evening Standard

Alfa Romeo Global Sales Are Booming But Still A Fraction Of The Germans

It’s been over a decade since the late Sergio Marchionne hit the reset button on Alfa Romeo, attempting to turn the fabled Italian brand into a true rival for the Germans. FCA poured a billion euros into the Giorgio platform to develop the Giulia and Stelvio, two models that are…

Motor1

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Millions of drivers set to get long-awaited motor finance compensation payouts this year

People would be informed within three months of the implementation period

The Independent UK

Millions could get motor finance compensation in 2026 under plans due this month

The FCA is set to give lenders a three-month implementation period to pay out redress, with up to five months for older agreements.

Evening Standard

Reality TV stars plead guilty to illegal Instagram trading promotions

IN FULL

The Independent UK

Love Island and Towie stars plead guilty over illegal Instagram finance scheme

Lauren Goodger was among the celebrities who admitted breaking the law

The Independent UK

Reality TV stars plead guilty over illegal Instagram posts plugging FX trading

Lauren Goodger was among the celebrities who admitted breaking the law after acting as so-called ‘finfluencers’.

Evening Standard

Less than half of account providers ‘let customers set contactless card limits’

Defaqto said it found big differences in the money management features that account providers currently offer to customers.

Evening Standard

MPs in call to halt Drax’s £2m-a-day subsidy over sustainability doubts

Exclusive: Cross-party group ‘deeply concerned’ power plant may have misled ministers and regulators over source of wood pellets

The Guardian - UK

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The Guardian - UK

Former Carillion chief fined by FCA for role in misleading investors

Watchdog reduces Richard Howson’s fine to £237,700 after he withdraws challenge to punishment

Evening Standard

Former Carillion boss fined by watchdog over ‘reckless’ actions

The Financial Conduct Authority (FCA) said it had fined Richard Howson £237,000, after he withdrew his challenge to the FCA’s findings.

The Independent UK

FCA wants buy now, pay later sector to ‘thrive’ as firms prepare for regulation

The sector will come under the Financial Conduct Authority’s regulation from July 15 2026.

The Guardian - UK

Barclays CEO ‘shocked’ by Epstein revelations as bank deals with Staley fallout

CS Venkatakrishnan dismayed by ‘depravity and corruption’ revealed in Epstein files as he announces profits

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news in one place.

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The Independent UK

Palestine Action latest: Labour MPs hit out at Starmer’s ‘draconian’ ban after High Court rules it unlawful

The Metropolitan Police said it will no longer arrest protesters despite proscription remaining in place

The Guardian - UK

FCA urged to investigate Peter Mandelson over potential insider trading

Exclusive: Lib Dem Daisy Cooper says ex-minister could have ‘abused trading laws’ when sharing state information with Jeffrey Epstein

Evening Standard

Firms representing motor finance customers ‘must act in clients’ best interests’

Regulators have said claims managers and law firms involved in motor finance commission claims must not charge unfair fees for ending an agreement.

The Guardian - UK

Santander takes fresh swipe at City watchdog as its car loan scandal bill tops £460m

UK arm brands FCA’s compensation scheme ‘overreach’ as Spanish owner signs surprise $12bn takeover of Webster Bank in US

Evening Standard

Monthly insurance costs cut by £157m a year after premium finance rates fall

The FCA said interest rate premiums on monthly motor and homes insurance policy payments have fallen by 4.1 percentage points on average since 2022.

Evening Standard

More people should be helped to access cover for financial shocks, says FCA

Over half of adults do not hold a pure protection product even though many could benefit from them, the FCA said.

The Independent UK

Mortgage costs ‘shock’ for almost one million as fixed-rate deal ends

Borrowers will need to factor in the overall cost of the mortgage, including fees, as well as the rate

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