City watchdog plots streamlined motor finance scheme after backlash Banking The UK’s financial watchdog is looking to “streamline” its long-anticipated motor finance compensation scheme following widespread backlash across the industry. The Financial Conduct Authority (FCA) provided a fresh update to markets on Wednesday, stating it was considering over 1,000 responses to its proposals for the industry-wide redress scheme. It added “if” it was to proceed [...]
FCA facing High Court over interest rate hedging redress scheme The City regulator faces the High Court this week over its IRHP redress scheme, as a cross-party group aims to overturn the scheme
Former City minister quits Westminster group over scathing FCA report Politics The former City minister John Glen has quit a cross-parliamentary group on fairer finance after it released an incendiary report on the Financial Conduct Authority (FCA) accusing it of “incompetence”. In a letter to the Financial Times, Glen, who served as City minister between 2018 and 2022, said he was “dismayed” by the report and [...]
When the drugs don’t work: How the UK became addicted to antidepressants May 14, 2024 Almost one in four adults are being prescribed antidepressants, but they are not as effective as was once believed, writes Lucy Kenningham