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UK regulator sets out 14-point action plan on cash savings 

A lady withdraws cash from an ATM
Photo: Getty Images

Jean Hurley

4 min read
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Regulator wants to ensure banks and building societies pass on interest rate rises and offer better rate deals to savers.

The FCA has today set out a 14-point action plan – Cash Savings Review 2023 (the Review) – to ensure UK banks and building societies are:

  • passing on interest rate rises to savers appropriately;
  • communicating with customers much more effectively; and
  • offering them better savings rate deals.  

The plan follows a

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