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UK markets watchdog ready to pounce as new consumer power comes into force

UK markets watchdog ready to pounce as new consumer power comes into force
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

United kingdomCity ofPhilip deeksHuw jonesNorton rose fulbrightConor humphriesNisha aroraJonathan herbstFinancial conduct authorityThomson reuters trust principlesThomson reuters trust

New consumer duty sets higher and clearer standards for financial firms

New consumer duty sets higher and clearer standards for financial firms
aol.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aol.co.uk Daily Mail and Mail on Sunday newspapers.

United kingdomRocio conchaNisha aroraVicky shawBuilding societies associationFinancial conduct authorityPress associationFinance correspondentInformation commissionerUnited kingdom finance

Consumers get new protection from financial service rip-offs

Overseen by the Financial Conduct Authority (FCA), a new consumer duty has come into effect that sets a higher bar for financial firms and gives more certainty of performance to consumers.

United kingdomNisha aroraBuilding societies associationFinancial conduct authorityCross cutting policyInformation commissionerUnited kingdom financeConsumer dutyFinancial services

New rules aim to end rip-off finance fees

A new advertising campaign will call on people in difficulties to contact their lender.

United kingdomNisha aroraKevin peacheyEric leendersAndrew stevensRachel winterKillik coFinancial conduct authorityConsumer dutyUnited kingdom finance

Cost of living - latest: Economists predict this week s interest rates decision

On Thursday we ll learn whether the Bank rate will rise for the 14th time in a row. The rate is currently 5% having been raised at every opportunity since the end of 2021 - but this month s lower than expected inflation figure means the decision is not clear-cut.

Nisha aroraRocio conchaFinancial conduct authority

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