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FCA to curtail investment platform exit fees

LONDON (Reuters) – Britain’s financial markets regulator on Thursday proposed a package of measures aimed at improving competition in the investment platforms market, including restricting the use of exit fees. It follows initial recommendations set out last July to help Read more ›

UK watchdog orders shake up of advisers to pension trustees

LONDON (Reuters) – Poor competition in the market for advice to pension fund trustees has resulted in “substantial customer detriment”, Britain’s competition watchdog said on Wednesday. FILE PHOTO: The sun sets behind the Canary Wharf financial district of London, Britain, Read more ›

Markets watchdog to probe car and home insurance charges

LONDON (Reuters) – Britain’s markets watchdog is launching a study into how insurers charge for home and motor coverage amid concerns that costs can be higher for long-standing customers than new ones. The Financial Conduct Authority (FCA) said on Friday Read more ›

UK markets watchdog tightens safeguards on remittances

LONDON (Reuters) – Britain’s markets watchdog proposed new rules on Wednesday to stop banks and other firms from offering misleading currency exchange rates to people sending money abroad electronically. An English ten Pound note is seen in an illustration taken Read more ›