Financial Conduct Authority
London Capital & Finance investors given compensation hope under new Government scheme
London Capital & Finance (LCF) investors have been given compensation hope after the announcement that HM Treasury will set up a scheme for those who lost money when the bond firm went bust. It comes as a damning report reveals the firm hadn't been effectively supervised by the financial watchdog
17 December 2020
Barclays fined £26m for failing 1.5 million customers in financial difficulty - and borrowers have been refunded
Barclays has been fined £26 million by the financial regulator over the poor treatment of 1.5 million borrowers who had fallen into arrears or financial difficulties over a period of four years - and affected customers have also been refunded
15 December 2020
Regulator proposes 'tailored support' for mortgage holders once payment holidays end
The Financial Conduct Authority has said firms should consider a range of support options – including waiving or reducing payments – under new proposals to help mortgage customers who are still struggling once coronavirus-related payment holidays end on 31 October 2020
26 August 2020
Regulator to ban interest rate-linked car finance commission
The financial regulator has announced it will ban commission models that give car finance dealers an incentive to raise customers’ costs from next year
28 July 2020
Insurers set to offer payment holidays and premium reviews until October
Measures introduced to help insurance customers struggling during the pandemic are set to be extended until the end of October
24 July 2020
Car finance and high-cost credit payment holidays extended
The financial regulator has confirmed further measures to support borrowers struggling to make payments on car finance deals, buy-now-pay-later agreements and other credit products due to the coronavirus pandemic, with many able to get another three-month payment holiday if needed
15 July 2020
Payment holidays and premium reviews confirmed for insurance customers struggling due to coronavirus
The financial regulator has confirmed it will introduce measures to help insurance customers struggling during the coronavirus pandemic – meaning insurers will need to assess whether they can change what's covered to offer customers lower premiums. Insurers may also be expected to offer customers payment holidays of up to three months
14 May 2020
London Capital & Finance investors to start getting decisions on compensation claims this month
Investors who lost £1,000s with the collapsed bond firm London Capital & Finance (LCF) will start hearing whether they're eligible for compensation for claims related to misleading advice later this month
5 May 2020
Regulator warns lenders against suspending credit cards for all those in persistent debt
The financial regulator has written to credit card firms telling them to review how they treat customers in 'persistent debt'
3 February 2020
Minister considering extending regulation to help mortgage prisoners
Treasury Minister John Glen has said that he is willing to consider extending the limits of the financial regulator's powers to help more 'mortgage prisoners' who are stuck on expensive deals with unregulated lenders and lenders that no longer offer new mortgages
28 January 2020
Suggest a Story
Got a money-related news story that affects you?
24 February 2021
FREE Weekly MoneySaving email
-
Brit Gas, EDF, E.on etc to hike prices
Save £200+/yr with Big Energy Switch 17
-
Top broadband for service
Or to slash costs - bag b'band for £14/mth
-
Happy 18th birthday to us
We hope you've saved billions
-
FREE 50p - £10 Sainsbury's spend
For virtually ALL Nectar users
-
'I paid £94 extra on a £265 order'
How new post-Brexit delivery charges work
-
30+ FREEBIES for your birthday
Incl Krispy Kreme & Greggs
-
FREE £100 switch to top service bank First Direct
Or FREE £125 HSBC switch
-
Read the full email
For all the latest deals, guides and loopholes simply sign up today - it’s spam free!
-
Plusnet ditches its line rental saver - meaning 10,000s face paying £30/yr more
26 February 2021![]()
If you're on the line rental saver currently, you won't pay any more until your minimum contract term expires, but when it does you'll be switched to paying line rental monthly, which costs just over £30/year more. -
Martin Lewis reveals how to boost your Nectar points to save hundreds on Sainsbury’s shopping
26 February 2021![]()
Shoppers can boost their Nectar points to save hundreds on Sainsbury’s shopping, MoneySavingExpert.com founder Martin Lewis has explained in his latest episode of The Martin Lewis Money Show on ITV. Here's what you need to know -
NHS prescription costs in England to rise by 20p to £9.35 an item from April
26 February 2021![]()
The NHS prescription charge in England will increase by 20p to £9.35 from 1 April, it's been confirmed. The cost of prescription prepayment certificates - essentially season tickets you use to cut costs if you pay for multiple prescriptions over a set period - are also rising -
Coronavirus Travel Rights
26 February 2021![]()
The coronavirus outbreak is causing major travel disruption around the globe -
Millions of 4G smartphone owners may be due up to £30 payout after claims handset prices were inflated
25 February 2021![]()
Around 29 million 4G Apple and Samsung smartphone owners in the UK could be entitled to a payout of up to £30 if a collective action case by Which? is successful - although there are no guarantees. It comes after the consumer group claimed inflated manufacturing costs were passed onto consumers
-
Martin Lewis VIDEO: Should you pay off your Plan 1 student loan?
11 January 2021![]()
If you started university between 1998 and 2012, or since then in Scotland and Northern Ireland, you'll have a Plan 1 student loan. While much is written about whether those with savings should overpay the current English Plan 2 student loans, there's little out there about Plan 1. I wanted to change that, so here's a video explaining how to decide...
Clever ways to calculate your finances
