All news on the topic: Financial Conduct Authority

A Financial Conduct Authority (FCA) review found evidence that some insurance firms had offered customers payouts worth less than their written-off or stolen vehicle - meaning some people could be owed money from an old claim.

Just over seven in 10 (72%) of people who had recently transferred their pension did not know the exact fees for their old pension, or their new charges, according to a survey for People's Partnership, which provides the People's Pension

The Financial Conduct Authority said some firms had charged significantly higher fees for unregulated claims

The Financial Conduct Authority (FCA) said fining the business would simply divert away money that could otherwise go to long-suffering investors

The warning comes as part of a clampdown from the UK's financial watchdog on banks offering low savings rates to customers despite the Bank of England's rate rises

The new Consumer Duty will come into force on July 31 for new and existing products and services and is being implemented by the Financial Conduct Authority (FCA)