Glossary


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F

Financial Conduct Authority (FCA)

The FCCA enables a fair and thriving financial services market, for the good of consumers and the economy.


Financial Ombudsman

The Financial Ombudsman Service is a free and easy-to-use service that settles complaints between consumers and businesses that provide financial services. They resolve disputes fairly and impartially, and have the power to put things right.


Financial fraud

Fraudsters use a variety of tactics to deceive people and steal their identity and money. Tactics used by fraudsters include cash point fraud, cryptocurrency fraud and QR codes for example.


Financial planning

Financial planning is the process of assessing the current financial situation of an individual to identify future financial goals and how to achieve them.


Fossil fuels

Fossil fuels are non-renewable energy sources formed from the remains of ancient plants and animals over millions of years. They include coal, oil (petroleum), and natural gas. When burned, they release energy and carbon dioxide, contributing to climate change.