Advertisement
UK markets close in 3 hours 17 minutes

  • FTSE 100

    8,301.49
    +88.00 (+1.07%)
     

  • FTSE 250

    20,394.03
    +229.49 (+1.14%)
     

  • AIM

    777.57
    +6.04 (+0.78%)
     

  • GBP/EUR

    1.1652
    -0.0007 (-0.06%)
     

  • GBP/USD

    1.2548
    -0.0016 (-0.13%)
     

  • Bitcoin GBP

    50,680.79
    -521.01 (-1.02%)
     

  • CMC Crypto 200

    1,316.55
    -48.58 (-3.56%)
     

  • S&P 500

    5,180.74
    +52.95 (+1.03%)
     

  • DOW

    38,852.27
    +176.59 (+0.46%)
     

  • CRUDE OIL

    78.19
    -0.29 (-0.37%)
     

  • GOLD FUTURES

    2,320.20
    -11.00 (-0.47%)
     

  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     

  • HANG SENG

    18,479.37
    -98.93 (-0.53%)
     

  • DAX

    18,280.02
    +104.81 (+0.58%)
     

  • CAC 40

    8,017.38
    +20.74 (+0.26%)
     
Money:

The retirement income gap no-one is talking about

People are living longer than ever before and this can impact how you plan for retirement

UK regulator to make decision on mis-selling redress in summer

Reuters - UK Focus

LONDON, May 27 (Reuters) - Britain's financial regulator said on Wednesday that it would give its view on how complaints about mis-sold loan insurance are being handled in the summer and make clear what action it plans to take.

The Financial Conduct Authority (FCA) said in January that it would consider imposing a deadline on customers claiming compensation, potentially drawing a line under the country's costliest consumer finance scandal.

Banks have so far set aside more than 26 billion pounds ($40.1 billion) in compensation.

($1 = 0.6479 pounds) (Reporting by Matt Scuffham, editing by Sinead Cruise)