On 6 May 2026, the Financial Conduct Authority (FCA) issued a statement launching a review of the claims management market, following concerns that consumers are being failed by some claims management companies (CMCs) and law firms.
The review will look at the root causes of poor practices across the market, including
On 6 May 2026, the Financial Conduct Authority announced the establishment of a joint regulatory taskforce to tackle the poor handling of motor finance claims by some claims management companies (CMCs) and law firms. The taskforce comprises of the FCA, Solicitors Regulation Authority, Information Commissioner’s Office and Advertising Standards Authority. The taskforce will
On 29 April 2026, the Financial Conduct Authority (FCA) published Consultation Paper 26/15: Reviewing the financial promotions rules for consumer credit (CP26/15).
Background
Before the Consumer Duty’s (Duty) introduction in July 2023, the FCA were frequently urged to review and update the financial promotion rules in chapter 3 of
On 1 April 2026, the Financial Ombudsman Service (FOS) issued a press release stating that the Financial Conduct Authority (FCA) had confirmed increases to the award limits.
The FOS award limit is the maximum amount the FOS can require a financial business to pay when it upholds a complaint. This limit
On 1 April 2026, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) jointly published a Consultation Paper on high loan to income lending.
The Consultation Paper follows a recommendation that the Financial Policy Committee (FPC) issued in July 2025 that the FCA and PRA amend implementation of
On 30 March 2026, the Financial Conduct Authority (FCA) published Policy Statement 26/3: Motor Finance Consumer Redress Scheme (PS26/3).
In PS26/3 the FCA sets out its final rules and guidance for not one but two industry-wide consumer redress schemes for motor finance customers. It follows an earlier Consultation Paper, CP25/27, which was
On 30 March 2026, the Financial Conduct Authority issued a press release announcing a new taskforce that will tackle poor handling of motor finance claims by some claims management companies and law firms, after the FCA, Solicitors Regulation Authority, Information Commissioner’s Office and Advertising Standards Authority agreed to join up their efforts. The press release
On 4 March 2026, the Financial Conduct Authority (FCA) published its Regulatory Priorities report for the consumer investments sector.
Overview
The FCA is introducing 9 annual Regulatory Priorities reports to replace its portfolio letters.
So far, the FCA has published Regulatory Priorities reports for insurance and consumer investments.
Each report outlines the FCA’s
On 4 March 2026, the Financial Conduct Authority (FCA) issued a statement that the proposed compensation scheme with regard to motor finance will include an implementation period, if it proceeds with a scheme.
Background
Following the Supreme Court judgment in the Hopcraft, Wrench and Johnson case on 1 August 2025, the FCA consulted