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flag UK's FCA proposes streamlining complaints reporting to ease burden on firms and improve accuracy.

flag The UK's Financial Conduct Authority (FCA) plans to simplify complaints reporting for about 10,000 firms by combining five reports into one. flag This aims to reduce data submission burdens and improve the accuracy of reporting. flag Feedback on the proposals is open until July 24. flag The FCA also found that one in ten people have no cash savings, highlighting financial vulnerabilities among the population.

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