FCA sets out changes to payment safeguarding rules
Consumers will be better protected when they use payment firms, with the introduction of new rules to protect their money from May 2026. These changes will improve safeguarding practices among…
FCA secures convictions against individual for £1.3m Ponzi scheme
Daniel Pugh has been found guilty of fraud, following a prosecution by the FCA.Mr Pugh, aged 35 and of Devon, set up a Ponzi scheme that netted over £1m. Through…
The FCA shines light on trading apps and consumer behaviour
We have published a Multi-firm Review, 'Trading apps: high-level observations'. Read the reviewThe publication aims to support new firms and traditional investment brokers seeking to offer these services, to help…
FCA seeks improvement to digital loan processes
The FCA found that the design of some digital loan processes lacks positive friction and excludes information consumers need, for example, on cost.Lenders' online and in-app application processes can help…
FCA issues fines of nearly £46m for failures managing the Woodford Equity Income Fund
The FCA has decided to fine both Neil Woodford and Woodford Investment Management (WIM) for failures in their management of the Woodford Equity Income Fund (WEIF). Neil Woodford and Woodford…
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