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BIZARRE: 2 - What They Never Told You

Car finance scandal compensation scheme revealed as motorists to receive £829 average payout

Around 12 million drivers mis-sold car loans could be eligible

The Independent UK

Car finance saga: Millions of motorists to find out how they will be compensated

Final decisions on the long-awaited programme will be published by the Financial Conduct Authority (FCA) on Monday afternoon.

Evening Standard

Millions of motorists to find out how they will be compensated after car finance saga

The FCA previously estimated that approximately 14 million deals, representing 44 per cent of all agreements since 2007, were unfairly sold

The Independent UK

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Car finance saga: Millions of motorists to find out how they will be compensated

Final decisions on the long-awaited programme will be published by the Financial Conduct Authority (FCA) on Monday afternoon.

Evening Standard

Measures to help close financial advice gap proposed by regulator

Simplified forms of advice could help people with more straightforward needs to access affordable advice, under the plans.

Evening Standard

Regulator to review later life mortgages as Britons face retirement shortfall

About two in five people are currently undersaving for retirement

The Independent UK

Later life mortgages to be put under spotlight by City regulator

Lifetime and retirement interest only mortgages could play a greater role in future, the Financial Conduct Authority said.

Evening Standard

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Major £100 contactless card limit rule is set to change — what you need to know

The contactless limit has been changed several times previously

The Independent UK

Firms improving consumers’ understanding with FAQs and videos, FCA finds

Financial services firms are using tools to help customers absorb information at their own pace, the Financial Conduct Authority said.

Evening Standard

Standards in the second charge mortgage market need to be improved, says FCA

Second charge mortgages are often taken out by people already carrying high levels of debt, who then roll those debts into a new loan.

Evening Standard

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

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.

Evening Standard

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 Independent UK

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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

Experts predict UK mortgage market ‘boom’ in 2026

Options for first-time buyers are reaching record highs, new data shows

Evening Standard

Two former Carillion finance directors fined by FCA over misleading statements

The Financial Conduct Authority said it had fined Richard Adam and Zafar Khan £232,800 and £138,900 respectively.

The Guardian - UK

‘Money mule’ cases surge as criminals target young people on social media

Fake job adverts and promises of quick money are drawing thousands into type of money laundering

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Evening Standard

Firms could set own contactless card limits under changes planned by regulator

The Financial Conduct Authority’s rule changes will take effect from March 19.

Evening Standard

FCA prepared to tweak car loan compensation scheme after pushback, boss says

The Financial Conduct Authority’s consultation on its proposed motor finance redress scheme closed last week, with more than 1,000 responses.

The Guardian - UK

UK mortgage shake-up: people on variable incomes could have more payment flexibility

Some potential first-time buyer groups ‘could be better served’, regulator says in review

The Independent UK

It could soon be easier for first-time buyers and the self-employed to get a mortgage

Mortgage regulator wants to modernise its rules

Evening Standard

First-time buyers and self-employed could find it easier to access mortgages

Access to later life mortgages could also be key to helping people achieve their financial goals, the Financial Conduct Authority said.

Evening Standard

Crypto firms to be regulated like other assets under new UK rules

The Treasury announced new legislation which will mean crypto firms have to meet a set of standards overseen by the Financial Conduct Authority.

The Independent UK

UK Treasury to regulate cryptocurrency under new legislation

These new laws will mandate crypto firms to adhere to a specific set of standards and rules

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