The NCSC is working with affected organisations to respond to a vulnerability affecting the MOVEit file transfer application, and all firms should escalate any operational impacts via appropriate reporting processes.
Mark Abley of County Capital Wealth Management Ltd (in liquidation) has been banned from providing pension transfer advice and has been required to pay £106,100 to the Financial Services Compensation Scheme on behalf of customers who were advised improperly.
The Financial Conduct Authority has banned Denis Lee Morgan from advising customers on pensions and holding senior management positions in a regulated firm due to his lack of competence in providing suitable advice.
The FCA has made changes to their rulebook that will allow lenders to offer customers higher interest rates without an affordability check, in accordance with the commitments made by the lenders at the mortgage summit last week.
The Financial Conduct Authority has identified issues with how some home and motor insurers treat vulnerable customers and handle claims, and is taking action to rectify the situation.
Today, the UK's Financial Conduct Authority held a meeting with the major banks and building societies to hold them accountable for offering fair rates on savings products, challenge slow decision-making, and urge consumers to shop around to get the best deal.
The FCA has announced a series of measures to help strengthen the UK's leading position as a global financial centre, including a Consolidated Tape and additional support for firms expanding into and across the UK.