04/17/2020

FCA issues dividend and buy-back warning

The FCA said government schemes designed to help firms through the lockdown period could be used to pay debts as they fall due, but the regulator has previously clarified these loans cannot be used to meet capital adequacy requirements.

04/16/2020

Financial complaints soar to over 6m - FCA

Excluding PPI complaints, the most complained about products were current accounts (10% of all complaints), credit cards (6%) and other general insurance products (5%).

04/16/2020

Advice boss jailed over £13m Ponzi scheme

Midas pitched the investments as offering attractive returns on "favourable terms" made possible by the owner's supposed relationship with a high-street bank.