£250m lawsuit against crypto firm Binance grows with 1000 new investors Crypto A thousand new UK-based retail investors have been added to a group legal claim against crypto trading platform Binace and its founder, alleging they were sold high-risk, complex products that did not have regulatory authorisation from the financial watchdog. There are now approximately 2,700 claimants in the case in England and Wales, with the total [...]
Are we regulating all the fun out of fireworks? Opinion As Truro cancels its Bonfire Night display, the government is consulting on tightening regulations around fireworks that could put a dampener on this great British tradition, says Steve Raper Nobody is proposing to ban Bonfire Night. Of course they aren’t; but there is more than one way to make a tradition disappear. As Brits, we [...]
Ofcom blocks ‘unfair’ Openreach pricing scheme Business The communications regulator has blocked Openreach’s new pricing scheme, arguing the proposed charges were “unfair” and granted it an unfair advantage over competitors. Ofcom has ordered Openreach, a fibre broadband network, to withdraw its ‘Incremental New to Openreach Offer’. The offer would have provided internet service providers (ISPs) a monthly discount for bringing new full-fibre [...]
How much do regulations cost the average UK business in 2026? September 14, 2026 No one single regulation is responsible for businesses' current woes. The accumulation of taxes has become greater than the sum of its parts.
The Debate: Should AGMs have to be in person? September 9, 2026 New rules could allow companies to hold AGMs entirely online. We hear the case for and against ditching in-person meetings in today's Debate.
‘Reckless’ pensions advice: Watchdog slaps ex-Quilter rep with huge fine September 3, 2026 The City watchdog has banned a former Quilter adviser from working in finance, accusing him of “recklessly betraying his responsibilities” by offering pensions advice he wasn’t qualified to give. The Financial Conduct Authority (FCA) has given Daniel Thomas – whose DPT Financial Solutions was an approved representative of FTSE 250 wealth manager Quilter – a [...]
FCA ‘worked backwards’ to justify motor finance redress, say lenders September 1, 2026 A trio of motor finance lenders have accused the City watchdog of “working backwards” to justify its redress scheme that is set to cost the industry billions. In new documents, Mercedes-Benz’s financial services arm, which has set aside as much as £400m in payouts for the car mis-selling scandal, said the Financial Conduct Authority’s (FCA) [...]
Treasury sought to cap motor finance payouts, court filings claim September 1, 2026 The government sought to cap payouts in the motor finance scandal at a level lenders could absorb and the City regulator acted “unlawfully” in failing to protect consumers, new court filings seen by City AM allege. Both the Treasury and Financial Conduct Authority (FCA) are facing fresh scrutiny over the motor finance redress scheme as [...]
Government pushes Bank of England to innovate on payments and digital currencies August 27, 2026 The Bank of England will be tracked on its progress on UK payments regulation after it was handed a new objective by ministers. The central bank will be given a new secondary objective to support innovation in payment systems and new forms of digital currencies alongside its main goals of financial stability. The Treasury is [...]
FCA bans wealth manager trio behind £35.5m investor visa scam August 26, 2026 The financial watchdog has banned and fined a trio of former wealth managers after discovering they operated a scheme designed to help clients slip past UK investor visa rules. The Financial Conduct Authority (FCA) found that three Dolfin Financial executives had run a scheme designed to create the false impression that visa requirements to enter [...]