Recently, the Financial Conduct Authority (FCA) warned that there have been 4,465 reports of fake FCA scams to the regulator’s consumer helpline already this year with 480 victims were duped into sending money to the fraudster. The criminals use a variety of...
The FCA has published an update on the Market Study into the ‘pure protection’ market. The FCA wants to develop a better understanding of: barriers to innovation and investment; the ‘protection gap’ – the extent to which customers, who would benefit from cover, are...
The FCA has published a web page and an AI Update document outlining how it wants to support the safe and responsible adoption of AI in UK financial markets. It has also published a Feedback Statement in response to the feedback it received to its April...
In response to the Data (Use and Access) Act 2025 (DUAA) coming into force, the ICO has launched public consultations to help shape final guidance about amendments to the Act. The Consultations relate to guidance about a new lawful basis for data processing...
FOS has announced the publication of a Consultation about evolving its funding model, in essence by introducing differentiated case fees. The proposal would see businesses pay less for complaints which are resolved earlier in the investigation process. FOS has stated...
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