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According to FCA data, for GAP insurance, only 6 per cent of the amount customers pay in premiums is paid out in claims.
Source: https://www.manchestereveningnews.co.uk/news/cost-of-living/martin-lewis-urges-drivers-act-27751216
Amigo secured high court approval for a redress scheme last year and was given the green light from the FCA to restart lending in October.
An FCA spokesperson said: "We are aware of Odey Wealth Management's intention to wind-down the business.
An FCA spokesperson said: 'We expect firms to handle claims fairly and promptly.
Anyebe, a versed business analyst who bagged an MBA in International Business Management and a Fellow of Chartered Accountants of Nigeria (FCA).
As long as the FCA fails to exercise its powers to protect ordinary workers, it will continue to fail our constituents.
Source: https://www.southwalesargus.co.uk/news/23265684.sticking-steelworkers/?ref=rss
But now – the Financial Conduct Authority (FCA) also says the case is being examined.
Earlier this week the FCA said banks were too slow to pass on base rate hikes to savers, and set out a 14-point plan for them to sort the problem out.
FCA ramps up pressure on NatWestCrisis hit NatWest gobbles up highest number of current.
"Furthermore, it has come to our attention that a significant number of FCA Executive Council members, who have consistently supported our party through active participation in campaigns, donations, and contributions, were denied their right to vote.
Source: https://www.dailyecho.co.uk/news/23529141.conservatives-turned-away-voting-will-hamble-mp/?ref=rss
However, on Oct. 10, the FCA placed legally binding requirements on REBS, preventing them from approving any financial promotions.
“However, the research suggests this may be overly optimistic – while 36% of borrowers expected some shortfall, modelling suggests this could be closer to 46%,” the FCA said on Tuesday.
In a statement, the special administrators said they consider that the "quickest and most cost-effective" way for client assets to be returned is by way of a transfer to a single broker regulated by the FCA.
Jeremy Hunt called on the FCA to "urgently investigate" whether account closures for political reasons are widespread.
Source: https://www.bbc.co.uk/news/business-66393824?at_medium=RSS&at_campaign=KARANGA
Nikhil Rathi, chief executive of the FCA, said in remarks made available to the media in advance of a speech, that he was already seeing AI-based…
“Poor quality credit information can result in people being cut out of the credit market or taking on more debt than they can afford,” Sheldon Mills, executive director of consumers and competition at the FCA, said.
Sophie Graham FCA DChA joins the Saint & Co partnership after dedicating 20 years of expertise to the firm, most recently in her role as Audit Manager.
Strong Regulation: HF Markets is regulated in many jurisdictions including the UK where the FCA has very strong regulations.
Source: https://punchng.com/7-best-forex-brokers-in-nigeria-for-2023/
The company contacted the FCA after the departures "caused difficulties for the company to provide its normal standard of service".
“The cyberattack and unauthorized access to data was entirely preventable,” the FCA said in a statement, adding that it exposed UK consumers to the risk of financial crime.
Source: https://www.insurancejournal.com/news/international/2023/10/16/744406.htm