IG becomes first UK-listed broker to be granted a crypto licence October 1, 2025 Investment platform IG, has been granted a crypto asset licence by the UK’s financial watchdog enabling it to expand its services and cement its position as a multi-asset trading platform. The decision makes IG the first UK-listed broker to join the Financial Conduct Authority’s (FCA) crypto asset register, marking a significant milestone for the rapidly [...]
Why Which? is launching a super-complaint over insurance market failings September 23, 2025 Insurance companies are letting consumers down badly. Today Which? is calling for a fundamental reset of the market, says Rocio Concha Which? is today using its statutory powers to submit a super-complaint to the Financial Conduct Authority, calling for a fundamental reset in how home and travel insurance companies treat their millions of customers. Insurance [...]
Two in five financial services firms lack safe AI controls September 11, 2025 As the financial services industry piles billions of pounds into artificial intelligence (AI), firms are lacking adequate measures to maintain safe usage, according to new figures. Fresh data from Big Four accountancy giant EY reveal 26 per cent of companies have no or limited controls in place to ensure AI systems adhere to laws and [...]
Pisces rival claims LSE venue won’t give firms enough trading volume September 10, 2025 The London Stock Exchange’s plan to let private companies trade shares just twice a year on a new private stock market will not offer firms or investors enough trading volume, according to the boss of a rival platform that hopes to launch next month. Mike McCudden, chief executive of private shares platform JP Jenkins, told [...]
FCA plans to allow contactless payment limits above £100 September 10, 2025 Card providers are set to be given the powers to set their own limits on contactless payments, which are currently set at £100, under proposals set out by the City regulator. The Financial Conduct Authority (FCA) has revealed that it will consult industry on whether the rules should be relaxed as part of its task [...]
Nigel Farage: City regulator ‘is a disaster’ September 5, 2025 Nigel Farage has branded the Financial Conduct Authority a “disaster” as he promised his party would overhaul the City’s regulatory landscape. The Reform UK leader – who is hosting the party’s annual conference this weekend – is a strong contender to take the keys to 10 Downing Street in the next general election. Allies of [...]
London Stock Exchange gets go-ahead to run Pisces private stock market August 26, 2025 The Financial Conduct Authority has given the London Stock Exchange the green light to operate a new Pisces private stock market, clearing the path for the market’s launch later this year. The City watchdog confirmed on Tuesday that London’s flagship stock exchange had become the first operator to receive approval to run Pisces – a [...]
Younger Brits turn to AI for financial advice August 21, 2025 Brits are increasingly turning to AI tools to access financial tips as the “advice gap” grows wider. Two thirds of people are either considering or already using AI tools to gather personal finance advice, new research from financial comparison platform Finder has found. Two in five people opted to use generative AI, such as ChatGPT [...]
Vanquis swings to profit with recovery ‘on track’ August 7, 2025 Bradford-based lender Vanquis swung back into profitability for the first half of the year following on from a bruising period in the last 12 months. The bank recorded a profit before tax of £6.2m, compared to a £91.9m loss for the second half of 2024. Net interest income remained stable with one per cent growth [...]
FCA boss sounds alarm on financial warfare and debt levels July 16, 2025 Rising sovereign debt and the growing risk of an attack on Britain’s financial infrastructure are the two biggest threats to UK markets, the boss of the Financial Conduct Authority (FCA) has warned, as he issued a clarion call for more data on the trading of government bonds. Nikhil Rathi told peers that the danger to [...]