Regulatory Updates

FCA publishes findings from its latest Financial Lives cost of living recontact survey

12 Apr 2024 - In The News

The FCA conducted the ‘Financial Lives cost of living (Jan 2024) recontact survey’ between 8th December 2023 and 28th January 2024 and, where possible, it compared the results to those from its January 2023 survey.

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FCA publishes its fees and levies rates proposals for 2024/25

12 Apr 2024 - In The News

The FCA is consulting on the rates for the regulatory fees and levies for the financial year 1st April 2024 to 31st March 2025. The FCA’s Annual Funding Requirement and financial penalty rebate results in a proposed £719.6m in fees payable by regulated firms…

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FCA publishes its latest update to its Perimeter Report

12 Apr 2024 - In The News

The FCA has updated its Perimeter Report, which continues to be published in the firm of an updated web page. It is difficult, therefore, to assess which elements of the Report are new.

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FCA confirms widening of FOS fees reporting requirement

9 Apr 2024 - In The News

The FCA has published Handbook Notice 117 which, in Section 3, provides feedback to a number of Consultations. This Handbook Notice will serve, effectively, as the Policy Statements in relation to these Consultations. One particular impact to note is the…

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FOS expects complaints to rise by 15% to 210,000 in 2024/2025

9 Apr 2024 - In The News

The Financial Ombudsman Service (FOS) now expects a caseload of 210,000 complaints in 2024/25, a 15% rise from its previous prediction of 181,300 and 27% more than it recorded in 2022/23.

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FCA updates its guidance in relation to financial promotions on social media

26 Mar 2024 - In The News

The FCA has published a finalised guidance document – FG24/1 – on how financial promotions should be communicated on social media. Financial promotions on all advertising channels should be fair, clear and not misleading, and support consumer understanding.

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