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

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 planCash 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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