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The Latest Breaking News from FCA

Appeals court dismisses GM's 2019 suit against FCA

The U.S. 6th Circuit Court of Appeals has affirmed a federal judge's earlier decision to throw out a racketeering lawsuit by General Motors Co. against Fiat Chrysler Automobiles, now known as Stellantis NV.

Tribune News Service

Explainer-Britain and regulators square up over post-Brexit financial reform

Britain's government proposed a far-reaching financial services law last month to exploit "freedoms" to write its own capital market rules since leaving the European Union.

Reuters

Funeral plan customers set to lose thousands as firm goes bust with huge debts

Customers of Unique Funeral Plans have fading chances of getting their money back, as the company has gone into liquidation owing £680,000 to customers and the taxman

Daily Mirror

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Newcastle mum who has been fostering for more than 40 years now helping mothers and their babies

Sheila Ryan began fostering children in 1978 and has now specialised in mother and baby foster placements

Chronicle Live

Christopher Gent fined £80,000 by FCA for disclosing inside information

UK regulator rules that businessman breached fiduciary duties by sharing ConvaTec information

The Guardian - UK

FCA slaps £80,000 fine on City superstar Sir Christopher Gent

Watchdog finds the former Vodafone CEO disclosed inside information when chair of ConvaTec

Evening Standard

New cash loan scam warning for people struggling with money due to cost of living crisis

Three key signs of a loan-fee scam to look out for.

Daily Record

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Bristol pensions provider goes into administration on orders of Financial Conduct Authority

Hartley Pensions was instructed by the UK's financial regulator to stop conducting new business earlier this year

Bristol Post

Hartley Pensions enters administration at request of Financial Conduct Authority

Directors at the Bristol-based self-invested personal pension provider have acknowledged the company is now insolvent

Birmingham Post

Warning over new scam as people turn to loans during cost of living crisis

It relates to a scam where people pay a fee for a loan up front and never receive the money

Wales Online

Loan-fee fraud warning as scammers prey on financially vulnerable

Scammers may target those on lower incomes, who have lower credit ratings or who have limited access to mainstream credit, the FCA is warning.

The Independent UK

Down the pan: PLC Ultima plugger Des Amey scarpers to the toilet when confronted by the Mirror

Cryptocurrency PLCu price has plummeted around 90% but investors are still being recruited

Daily Mirror

100 new jobs set to be created in Leeds as Financial Conduct Authority to move into new city centre offices

The financial watchdog will recruit 100 people in the city

Leeds Live

Financial Conduct Authority to recruit 100 people for Leeds city centre offices

The watchdog will recruit 100 people in the city

Birmingham Post

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Tribune News Service

FCA sentenced to pay $300M in diesel emissions cheating case

DETROIT — A federal judge on Monday sentenced the U.S. division of Stellantis NV to pay $300 million in penalties and forfeitures for cheating on government emissions testing on "clean EcoDiesel" for Jeep Grand Cherokee SUVs and Ram 1500 pickup trucks.

Insider UK

New rules set to clamp down on adverts promoting high-risk investments

Financial Conduct Authority announcement bans certain incentives to invest, such as 'refer a friend bonuses'

The Independent UK

New rules to clamp down on adverts promoting high-risk investments

The FCA’s new rules will ban investment companies from offering certain incentives to invest, such as ‘refer a friend bonuses’.

The Independent UK

Only buy a pre-paid funeral plan from an authorised provider, says watchdog

The Financial Conduct Authority has released a list of providers it is authorising, as it took over regulation of the sector on Friday.

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The Guardian - UK

Ex-Carillion executives face £1m in fines over ‘market abuse’ claims

Richard Howson, Richard Adam and Zafar Khan appeal against watchdog findings that they ‘acted recklessly'

The Independent UK

Pre-paid funeral plan providers held to new FCA standards from Friday

All authorised providers will need to follow new rules, which include a ban on cold calling.

Daily Mirror

More than 3,000 funeral plan customers in limbo as firm runs out of money

Unique Funeral Plans has stopped trading and is insolvent, accountants say, but the firm has thousands of customers now facing an uncertain future - with no refunds

The Guardian - UK

‘Equality is personal for me’: UK watchdog frontrunner faces whispering campaign

Sheldon Mills, the crusading lawyer and chair of Stonewall, is being targeted over trans issues as he runs to lead the Competition and Markets Authority

Chronicle Live

Full list of funeral firms unable to sell pre-pay plans after Friday

Financial watchdog names the providers banned from selling policies when new regulations come into force on July 29

The Guardian - UK

Bosses at City firms could face fines for failing to prioritise consumers

FCA’s new rules are expected to help reduce call wait times, end rip-off charges and make it easier to change investments

Insider UK

New consumer duty for firms ‘will lead to major shift in financial services’

City regulator outlines new rules which should improve how firms treat their customers

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