Compliance & Regulation
FCA ‘frustrated’ with fair value product assessments as opposing lines drawn by advisers and providers
The Financial Conduct Authority (FCA) has admitted it is frustrated with the way fair value pricing assessments for insurance contracts have been conducted throughout the industry. The regulator accepted the process has...
Read moreImplementation plans must be well thought out and engage with Consumer Duty substance – FCA
Firms need to ensure their Consumer Duty implementation plans due at the end of this month are well thought through and engage with the substance of the Duty, the regulator has said....
Read moreConsumer Duty does not mean firms will pay more in redress – FCA
The Financial Conduct Authority (FCA) has said it’s incoming Consumer Duty does not mean firms will be paying more in redress to customers when things go wrong. However, the regulator added the...
Read moreChancellor announces economic advisory council
Chancellor of the exchequer Jeremy Hunt revealed plans for a new economic advisory council along with confirmation of a roll back of most of the tax measures announce by predecessor Kwasi Kwarteng....
Read moreIPAW: Compliance message heard but small firms need most help with Consumer Duty
The importance of getting to grips with the Consumer Duty may finally be hitting home ahead of the deadline for brokers to submit compliance strategies to the Financial Conduct Authority (FCA), according...
Read moreIPAW: Consumer Duty pushing firms to set up protection practices – Paradigm
Increased responsibilities created by the Consumer Duty mean some advisers face a choice between setting up their own specialist protection divisions or signposting business out entirely, according to Paradigm Protect. Paradigm Protect...
Read moreHunt u-turns almost all Truss and Kwarteng’s mini-budget tax changes
Jeremey Hunt, the latest chancellor of the exchequer, has announced plans to row back almost all of the tax measures announced by his predecessor Kwasi Kwarteng in his mini Budget. In an...
Read moreHunt replaces sacked Kwarteng as Tories appoint third chancellor in four months
Former health secretary Jeremy Hunt (pictured left) has succeeded Kwasi Kwarteng (pictured right) as chancellor of the exchequer. Hunt is the Conservative government's fourth chancellor this year - he follows Rishi Sunak,...
Read moreFCA focus groups exploring ‘practical difficulties’ of advice-guidance boundary
The Financial Conduct Authority (FCA) has begun focus groups with members of the financial services industry examining ‘practical difficulties’ in the boundary between advice and guidance. The regulator also confirmed that its...
Read moreEnsuring panicked and vulnerable customers see true value of protection is crucial amid fallout from ‘foolish’ mini Budget – analysis
The role of the adviser has never been more important in explaining the true value of protection as panic has enveloped mortgage customers due to fears around skyrocketing interest rates. And advisers...
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‘Hollowing out’ of PMI and protection plans as comparison sites dominate – Daley
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Beagle Street launches into adviser protection market
