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‘Failing’ UK FCA asked to reconsider reply to complaints body report

By Phoebe Seers ( March 17, 2025, 14:14 GMT | Insight) -- The head of the UK’s financial watchdog has been asked by a lawmaker to reconsider his organization’s response to a damning report on its handling of the collapsed pre-paid funeral provider Safe Hands. In a letter to chief executive Nikhil Rathi, Labour lawmaker Nick Smith said the Financial Conduct Authority's refusal to accept the findings of the body that investigates complaints against regulators will “only support concerns that the FCA is a failing organization.”The head of the UK’s financial watchdog has been asked by a lawmaker to reconsider the response to a damning report on its handling of the collapsed pre-paid funeral provider Safe Hands....

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