UK Finance welcomes eight new signatories to Financial Abuse Code

Img

UK Finance has announced that eight additional institutions have become signatories to its refreshed Financial Abuse Code.

The eight new signatories include Coventry Building Society, Cumberland Building Society, Fleet Mortgages, Ikano Bank, Monzo, Principality Building Society, Progressive Building Society and Shawbrook (including The Mortgage Lender and Bluestone Mortgages).

The expansion means almost 90% of the UK’s mortgage market will now be covered by the code.

The number of firms signing the code now totals 33, covering 49 brands, supporting the government’s ambition to halve economic abuse within a decade.

Economic abuse now impacts 4.2 million women in the UK, according to Surviving Economic Abuse.

To support any customers affected by economic abuse, UK Finance launched the third iteration of its Financial Abuse Code in April 2025, aligning it with the Financial Conduct Authority’s Consumer Duty.

All new signatories have committed to being fully compliant with the code by 1 November 2026.

By signing up, lenders commit to embedding practical measures across their operations to better support victim survivors.

UK Finance managing director of personal finance Eric Leenders says: “Financial abuse can happen to anyone. With more lenders joining the Code, coverage across the mortgage market has been strengthened significantly.”

“By working with specialist charities and our members, we are helping victim-survivors to receive consistent and empathetic support whilst regaining independence and control of their money.”


More From Life Style