Motor Finance Scandal: FCA's £11bn Scheme Faces Backlash
The FCA's motor finance redress scheme faces fierce criticism from both banks and consumer groups. With £11bn at stake and a potential legal battle looming, find out what happens next in 2026.
Category : Search result: FCA redress scheme
UK Military Gap Year Scheme Details Revealed
The UK government unveils its new paid military gap year scheme for under-25s, aiming to boost defence recruitment amid rising global threats. Discover the details and how it works.
Staley and Summers named in Epstein will documents
Newly released court documents reveal former Barclays CEO Jes Staley and ex-US Treasury Secretary Larry Summers were appointed as executors of Jeffrey Epstein's estate. Explore the details and implications.
11 PE-Backed Firms Fail UK Climate Disclosure Rules
A new report identifies 11 portfolio companies owned by major private equity firms as non-compliant with UK mandatory climate-related financial disclosures. Discover the firms involved and the regulatory implications.
Miners win £100-a-week pension boost after govt U-turn
Former mineworkers celebrate a 'historic' 41% pension uplift after the government returns a £2.3bn reserve. Thousands to receive backdated lump sums, ending a long-standing injustice.
Half Price London Travel for Jobseekers on Benefits
Londoners on Jobseeker's Allowance or Universal Credit can get 50% off Tube, bus and train fares. Find out if you qualify and how to apply for the TfL discount scheme.
Australia's Gas Reservation Policy to Lower Energy Prices
Australia mandates major LNG exporters to reserve up to a quarter of gas for domestic use from 2027, aiming to lower soaring energy prices. Read the full details of this historic policy.
FCA lifts £100 contactless card payment limit
The UK's financial regulator will allow banks to set their own contactless payment limits from March 2025, removing the £100 cap. Consumers may also set personal limits.
Earn 30,000 Avios Points by Selling Your Home with Foxtons
Estate agent Foxtons partners with British Airways' Avios, letting homeowners earn up to 30,000 points for property sales or lettings. Discover how to convert your home into free flights.
£100 Contactless Card Limit Scrapped in UK
The UK's £100 contactless payment limit will be removed next year, allowing banks to set their own maximums. Find out what this means for your spending and security.
London Mayor challenged over £570m Erasmus scheme cost
Sadiq Khan faces City Hall grilling over the £570m cost to rejoin Erasmus, with critics saying the funds could fix Hammersmith Bridge or build new railways. Discover the clash over spending priorities.
WH Smith Investigated by FCA Over Accounting Woes
The Financial Conduct Authority launches an investigation into WH Smith following accounting errors in its US division. CEO resigns as profit forecasts are slashed.
FCA Scraps £100 Contactless Cap, Banks Set Own Limits
The UK's financial watchdog will let banks set their own contactless payment limits from March 2025, scrapping the £100 cap. Find out how this could boost high street spending.
How South Korea's smart bins slash food waste
South Korea recycles 96.8% of its food waste using RFID bins that charge by weight. Discover how this tech-driven system changed behaviour and cut Seoul's waste by 23.9%.
Low-deposit schemes 'generate inequality', study finds
New economic modelling suggests government-backed low-deposit schemes can push house prices up by 10-20%, disproportionately harming low-income first-time buyers. Discover the long-term impacts.
FCA increases scrutiny of home and travel insurers
The UK's Financial Conduct Authority will intensify oversight of home and travel insurance markets following a formal super-complaint from Which? over poor claims handling and unfair terms. Read the latest.
HSBC Chair Invested in Collapsed Tax Avoidance Scheme
HSBC's new chair, Brendon Nelson, lost money in an unregulated biofuel investment scheme marketed for tax avoidance. The scheme collapsed, wiping out millions. Read the full investigation.
UK set to rejoin EU Erasmus student exchange scheme in 2027
The UK is set to rejoin the EU's Erasmus+ programme from January 2027, a move celebrated by students but bittersweet for those who missed out. Discover the impact on funding and opportunities.
UK to rejoin EU Erasmus student exchange scheme
The UK is poised to rejoin the EU's Erasmus+ student exchange programme from 2027, marking a major post-Brexit reset. Discover the details of the deal and what it means for students.
Horizon victim forced to sue Post Office for redress
Former subpostmistress Janet Skinner takes legal action against the Post Office, seeking full compensation for her wrongful Horizon IT scandal conviction. Her solicitor warns more victims may follow.
FCA overhaul could end mandatory annual reviews
The FCA's Consumer Duty overhaul may free wealth managers from rigid annual reviews, focusing on client needs. Discover the future of financial advice in the UK.
FCA boss blames Treasury, MPs for slowing deregulation push
FCA CEO Nikhil Rathi says government and parliamentary delays are hampering pro-growth financial reforms. He calls for statutory timetables to speed up Treasury approvals.
Sunak feared UK couldn't fund itself during Covid pandemic
Rishi Sunak told the Covid inquiry he was 'acutely stressed' by rising bond costs in 2020, fearing the UK's ability to fund itself. Discover the emergency measures considered to avert a crisis.
ESG whistleblower Desiree Fixler leaves FCA committee
Desiree Fixler, who exposed alleged greenwashing at DWS, steps down from the FCA's ESG advisory body. Discover the implications for UK financial regulation.
Bill Kingdom, FCA Architect, Dies at 78
Bill Kingdom, the influential civil servant who shaped the UK's Financial Conduct Authority, has died at 78. Read about his pivotal role in financial regulation.
Young people risk benefits in new £820m work scheme
Nearly a million young people on Universal Credit must engage with new intensive support or face sanctions. The £820m plan aims to tackle rising NEET figures. Read the full details.
Youth on benefits face sanctions in new work scheme
Young people on Universal Credit will be offered jobs in construction and hospitality. Those who refuse could lose benefits. The £820m scheme starts Spring 2026.
UK pushes for two-year EU youth mobility scheme by 2026
UK ministers are negotiating a time-limited youth mobility scheme with the EU, aiming for a deal by 2026. The plan would allow tens of thousands of young Britons and Europeans to live and work abroad.
Nature-friendly farming schemes hit by funding and contract issues
England's ambitious landscape recovery scheme faces low uptake as new contracts allow termination with just one year's notice and funding is slashed. Conservationists warn of a major step back for wildlife.
Regulators Scrap Rulebook to Boost Building Societies
UK regulators have torn up the rulebook for building societies, removing key lending limits to drive growth. Discover how this deregulation will impact mutuals and the housing market.
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