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What happens to dormant account in UK?

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Have you ever wondered what happens to your bank account when it sits idle for too long? You’re not alone. Dormant accounts are a common concern for many in the UK, yet few fully understand their implications. Whether it’s an …

How do I get my money back from a dormant account?

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Imagine checking your bank account one day and realizing it’s gone dormant. It sounds like something out of a financial thriller, doesn’t it? In reality, dormant accounts are quite common and can happen to anyone. Whether you’ve moved, changed jobs, …

What is the rule 5 of FCA conduct?

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Navigating the complex world of finance requires more than just numbers and spreadsheets. It demands adherence to a set of conduct rules designed to protect both consumers and institutions alike. The Financial Conduct Authority (FCA) plays a pivotal role in …

What is the FCA statement of principle 6?

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The world of finance can be a complex maze, with numerous regulations designed to protect consumers and maintain market integrity. At the forefront of this regulatory landscape in the UK is the Financial Conduct Authority (FCA). Established to ensure that …

What are the new conduct rules of the FCA?

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The Financial Conduct Authority (FCA) plays a crucial role in ensuring the integrity of financial services in the UK. Established to protect consumers and maintain market confidence, it oversees a range of institutions, from banks to investment firms. As the …

What is cross-cutting policy?

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In today’s complex world, issues rarely exist in isolation. They intertwine and overlap, creating a web of challenges that demand holistic solutions. This is where cross-cutting policy comes into play. By addressing multiple sectors or areas simultaneously, cross-cutting policies aim …

What is the FCA principle 6?

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Navigating the world of finance can often feel daunting. With so many products and services vying for our attention, it’s crucial to know that your interests are being protected. This is where the Financial Conduct Authority (FCA) steps in, ensuring …

What is the difference between gross and net liability?

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When it comes to finance and accounting, understanding the nuances between terms is crucial. Two concepts that often create confusion are gross liability and net liability. These terms sound similar but represent different financial realities for businesses and individuals alike. …

What are the four rules of Consumer Duty?

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Navigating the world of consumer rights can feel overwhelming. With endless options and constant marketing messages, it’s easy to get lost in the noise. But understanding your rights as a consumer is essential for making informed decisions and protecting yourself …