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FCA Penalises Two Individuals for Integrity Violations in Pension Business
Finance
July 15, 2024

FCA Penalises Two Individuals for Integrity Violations in Pension Business

The Financial Conduct Authority (FCA) has taken decisive action against Stephen Joseph Burdett and James Paul Goodchild for their reckless handling of pension holders’ investments, resulting in severe penalties and bans from the regulated financial services industry.

HSBC Faces £6.2 Million Fine for Poor Handling of Financially Struggling Customers
Finance
July 8, 2024

HSBC Faces £6.2 Million Fine for Poor Handling of Financially Struggling Customers

HSBC UK Bank plc, HSBC Bank plc, and Marks and Spencer Financial Services plc (HSBC) have been fined £6,280,100 by the Financial Conduct Authority (FCA).

ScottishPower Ordered to Pay £1.5 Million for Customer Overcharging Issue
July 1, 2024

ScottishPower Ordered to Pay £1.5 Million for Customer Overcharging Issue

ScottishPower Energy Retail Ltd has been hit with a £1.5 million penalty, comprising refunds and compensation, after it was found to have overcharged customers during the energy crisis.

Companies Fined for Aggressive Marketing Calls
Data
June 24, 2024

Companies Fined for Aggressive Marketing Calls

The Information Commissioner’s Office (ICO) has handed out substantial fines to two companies, Outsource Strategies Ltd (OSL) and Dr Telemarketing Ltd (DRT), for making almost 1.43 million aggressive and unwanted marketing calls.

FCA Recovers Investor Funds From an Unauthorised Deposit-Taking Scheme
June 17, 2024

FCA Recovers Investor Funds From an Unauthorised Deposit-Taking Scheme

In 2022, the FCA published a warning about the investment company “Future Bright Investment” that was providing financial services and products without authorisation or regulation.

Housing Association Is Punished for Leaking Personal Information
Data
June 6, 2024

Housing Association Is Punished for Leaking Personal Information

Clyde Valley Housing Association, based in Lanarkshire, faced repercussions after personal information was exposed on an online customer portal.

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