Regulations

People applying for a mortgage are to face tougher financial checks, as the Financial Conduct Authority’s new market regulations take effect tomorrow (26 April 2014).

Overdraft terms set by lenders are "complex and opaque", the Financial Conduct Authority (FCA) has said.

Small and micro businesses need the same level of protection as consumers when buying utilities, according to a report by the Federation of Small Businesses.

Pension providers will have to do more to help retirees turn their pension savings into a retirement income, under reforms announced by the Association of British Insurers.

Business groups have called for reform of the Prompt Payment Code after data showed that more than half of Federation of Small Businesses members were not paid by the agreed date.

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