Two key figures at the FCA will be grilled by MPs tomorrow over a bungled media briefing which led to £6bn wiped off the shares of insurance firms earlier this year.
The new pensioner bonds offering "market leading rates" for over 65s went on sale this morning – but are likely to be sold out in just days, Moneyfacts has claimed.
Financial services firms could be barred from using premium rate telephone numbers for customers as part of a series of proposals from the FCA on changes to the rules on complaint handling and post-sale telephone calls.
Plans to ensure the proper use of social media by finance firms to give consumers confidence and stamp out misleading promotions have been discussed at The House of Lords.
A consumer watchdog has called on the FCA to take swift and decisive action to fix "detrimental sales practices" in the annuities market before more damage is done.
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