Limits on the amounts payday lenders can charge customers - including a rule stating lenders cannot receive more in fees and interest on a loan than the amount borrowed - have been confirmed by the financial regulator.
The changes will mean someone taking out a loan for 30 days and repaying on time will not pay more than £24 in fees and charges per £100 borrowed, the Financial Conduct Authority (FCA) said. FCA chief...
The forces at play in investment - most obviously, regulatory change, uncertain markets and shifting demographics - are as strong today as they were when Professional Adviser launched its sister magazine Multi-Asset Review in 2017.
Regulator has visited some firms already
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Chris Hill's letter to Treasury
Cash balance surges