By Sinead Cruise LONDON (Reuters) -Britain’s Financial Conduct Authority said on Wednesday it would launch a market study into so-called pure protection insurance product sales, amid fears that the design of some commission structures could lead to poor outcomes for policyholders. Pure protection products are designed to help individuals and their families manage their finances
The Financial Conduct Authority (FCA), has announced an extension for motor finance companies to respond to customer complaints concerning overcharging on commission when purchasing a vehicle. This decision comes as the FCA considers a potential redress scheme for affected consumers. In 2021, the FCA banned incentives for brokers to increase the interest rate paid by
A significant increase in over-50s searching for re-mortgage deals with terms that will carry them close to or into retirement has been recorded by a mortgage services provider. The data was taken from Legal & General Mortgage Services’ Ignite platform, which is used by brokers to source mortgage product information. Searches for 21 to 25-year
The United Kingdom’s Financial Conduct Authority (FCA) is looking to change its guidance to ensure that financial firms do not treat politicians and public servants unfairly. The FCA released proposed amendments to its guidance relating to politically exposed persons (PEPs) on Thursday (July 18) and invited public feedback on the changes to be submitted by
EBC Financial Group LONDON, June 26, 2024 (GLOBE NEWSWIRE) — EBC Financial Group (EBC) is proud to announce that it has been honoured with two prestigious awards at the World Finance Awards 2024: Most Trusted FX Broker and Best CFD Broker. These accolades reflect EBC’s unwavering commitment to transparency, regulatory compliance, and exceptional customer service.
By Huw Jones and Iain Withers LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) said on Wednesday there would be no rush to introduce detailed rules to regulate the rapidly developing use of artificial intelligence in financial services. The European Union has approved a new law to regulate AI, now being increasingly used in everyday