All news on the topic: Financial Conduct Authority

Just over seven in 10 (72%) of people who had recently transferred their pension did not know the exact fees for their old pension, or their new charges, according to a survey for People's Partnership, which provides the People's Pension

The Financial Conduct Authority said some firms had charged significantly higher fees for unregulated claims

The FCA banned ”discretionary commission agreements” in 2021 but says there is a ”significant dispute” as to whether firms have breached legal and regulatory requirements

The Financial Conduct Authority (FCA) said fining the business would simply divert away money that could otherwise go to long-suffering investors

The warning comes as part of a clampdown from the UK's financial watchdog on banks offering low savings rates to customers despite the Bank of England's rate rises

The new Consumer Duty will come into force on July 31 for new and existing products and services and is being implemented by the Financial Conduct Authority (FCA)

Under new mortgage guidance, lenders will need to offer support to customers who have missed payments or are worried they may not be able to make payments in future

Consumers who enter a debt solution which is not right for them can face dire consequences and could force them to stay in debt for much longer