
The Financial Conduct Authority (FCA) of the UK is set to encourage more risk-taking among savers, as stated by the FCA chair. This initiative is part of a broader strategy for the next five years to stimulate economic growth by reevaluating the risk approach within the financial sector. In addition to promoting risk-taking, the FCA plans to cut financial sector rules following calls from businesses, aiming to simplify regulations and foster growth. This move includes dropping volumes of outdated regulations, as reported by the Financial Times. Separately, the Competition and Markets Authority (CMA) has expressed concerns over Ticketmaster's practices, suggesting that the company may have misled Oasis fans into paying higher prices for tickets due to dynamic pricing. The CMA is investigating whether Ticketmaster breached consumer protection laws by selling 'platinum' tickets at significantly higher prices without offering additional benefits. Hayley Fletcher from the CMA stated, 'We’re concerned that Oasis fans didn’t get the information they needed or may have been misled into buying tickets they thought were better than they were.' This issue pertains to tickets for Oasis's upcoming reunion tour, and the CMA has urged Ticketmaster to make changes to its ticket labels and pricing information.
Ticketmaster’s Oasis Ticket Pricing May Have Breached Consumer Protection Law, U.K. Watchdog Says https://t.co/g4nqgrIHAY
Oasis fans were ‘misled’ by Ticketmaster into paying higher prices, watchdog warns in possible law breach https://t.co/Q7yPWxSdnb
UK seeks changes to Ticketmaster's ticket labels and price information https://t.co/wVAz4N8tFA https://t.co/sbTEw2WpbZ


