PI insurers must avoid “barriers” to BSPS redress - FCA

The FCA has told Professional Indemnity insurers that they must support its British Steel Pension Scheme (BSPS) redress scheme and avoid “unreasonable barriers” to compensation.

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Warning on 'Buy Now Pay Later' loan adverts

The FCA has warned firms that offer Buy Now Pay Later (BNPL) loans that they must comply with the financial promotions rules, even if the agreements are unregulated.

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FCA finds ‘serious failings’ at 30 consumer credit firms 

The Financial Conduct Authority is taking steps to intervene in the cost of living crisis after finding 30 consumer credit firms failing in some areas. 

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FCA uses emergency powers to restrict BSPS advice firms

 

The Financial Conduct Authority today used emergency powers to block many of the financial advice firms who gave advice to members of the British Steel Pension Scheme (BSPS) from selling assets to avoid paying compensation.

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