Related topic: FCA

In one case, Nationwide failed to identify a customer using personal current accounts to receive £27.3m in fraudulent Covid furlough payments.

As targeted support is a one-off service, it does not involve ongoing suitability assessments. 

The regulator is also consulting on ways to further modernise pension rules.

Consumers can use the tool to check if a firm is authorised and has the correct permissions to provide services.

The number of loans with LTV ratios exceeding 90% reached 7.4%, the highest share since 2008.

The regulator says it has worked closely with industry and consumer groups to 'deliver practical policy that moves the dial on risk'.

In the latest of his 'Mythbusting' series with Financial Reporter, Harpal Singh, CEO at conveybuddy, encourages advisers to have their say on two consultations - on home buying and...

The FCA is launching a Mutual Societies Development Unit to help mutuals navigate policy and legislative changes.

Individual applicants are outstripping joint applicants consistently for the first time in five years. 

The project will help the FCA better understand how AI could shape UK financial markets and inform its future approach to the technology.