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BIZARRE: 10 - What They Never Told You

Communities are using rules to successfully maintain access to cash – regulator

Monmouth in Wales is the 121st banking hub to open in 12 months, with new Financial Conduct Authority rules having come into force a year ago.

The Independent UK

Why UK savers withdrew £70bn from retirement pots over the last year

Some finance experts have urged savers to speak to advisors about their pension pots

The Independent UK

More than £70bn withdrawn from retirement pots in 2024/25 – FCA figures

Some finance experts suggested that speculation around potential tax changes could have influenced some pension savers.

Evening Standard

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‘A lack of care’: how big companies still fail bereaved customers

Those trying to report a death can face bureaucracy, costly delays and other shocking mistakes

The Guardian - UK

UK watchdog launches £1m car finance campaign to warn of unnecessary fees

The Financial Conduct Authority has brought in influencers to help spread its message to consumers in the coming months.

Evening Standard

MPs raise concerns over Asda’s link to app offering high-interest loans to staff

Retailer’s owner has stake in Wagestream, which offers workers loans of up to £25,000

The Guardian - UK

Potential contactless card changes could give abusers green light, charity fears

Surviving Economic Abuse raised concerns over ‘coerced debt’ but UK Finance said it does not expect immediate changes to the £100 contactless limit.

Evening Standard

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Contactless payment limit could be scrapped by next year

IN FULL

The Independent UK

Rachel Reeves tells private equity bosses she plans to shut down more regulators

Chancellor stopped short of saying which regulators were in government’s crosshairs

The Guardian - UK

Contactless card payments could become unlimited under plan to scrap £100 cap

The Financial Conduct Authority announced plans to scrap the £100 cap on contactless card payments

The Independent UK

UK contactless payments could go above £100 or become unlimited

Financial watchdog says proposals to allow providers to set own limits would be more convenient for shoppers

The Guardian - UK

Firms could be given freedom to set their own contactless card limits

The contactless card limit has been raised in steps over the years, currently standing at £100.

Evening Standard

FCA warns car finance firms over ‘lost’ data amid £18bn compensation scheme

City regulator says it will challenge lenders claiming not to have records about mis-sold car loans

The Guardian - UK

Car finance deal compensation could start next year, says FCA boss

Nikhil Rathi, chief executive of the Financial Conduct Authority, said he hopes that most payouts to drivers will be made during 2026.

Evening Standard

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The Guardian - UK

Reform UK could strip FCA of power to regulate banking if elected

Nigel Farage reportedly plans to overhaul rules governing City of London that were introduced after 2008 financial crash

Evening Standard

FCA ‘focused on proportionate and workable’ motor finance solutions

FCA chief executive Nikhil Rathi said the body recognised the record keeping challenge for some firms.

Evening Standard

'Careful easing' of mortgage stress test rules could help more first-time buyers

A measured easing of stress test rules could allow more people into the mortgage market without a significant increase in arrears, UK Finance has said.

The Independent UK

Lenders urged to make mortgage rule changes to help first-time buyers

The FCA is assessing whether there is more that can be done to help first-time buyers

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The Guardian - UK

Make Drax wait for its next subsidy deal. An FCA investigation is serious

Ministers should find out what the regulator says before signing away a further £1.8bn of public money

International Business Times

Is Copy Trading the Future of Investing? Here's What You Need to Know in 2025

Find out if copy trading is legal, profitable, and effective in 2025, plus discover key strategies for safe, compliant, and profitable investing.

The Guardian - UK

Latest Drax inquiry will raise fresh questions about its billions in subsidies

FCA will look at allegation the biomass power station misled investors, and Whitehall, about its wood sourcing

The Guardian - UK

Drax’s shares plunge as City watchdog investigates sourcing of wood pellets

FCA inquiry into biomass power station relates to disclosures and transparency over two-year period

Evening Standard

Drax under investigation by City watchdog over biomass sourcing

The probe comes after claims by Drax’s former head of public affairs that the company had misled over its sourcing of wood for biomass pellets.

The Independent UK

‘Pig butchering’ explained as thousands targeted in scam

IN FULL

Evening Standard

Thousands targeted by fraudsters impersonating financial regulator

The Financial Conduct Authority (FCA) said it received 4,465 reports of scammers pretending to be the watchdog in the first half of the year.

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