Müdd: Pressure on insurers and advisers to show ‘fair value’ of loaded premiums
The Financial Conduct Authority's (FCA) failure to explicitly ban loaded premiums under its Consumer Duty means the pressure is on...
Scottish Widows protection sales up 50%
Scottish Widows has seen new protection business rise 50% year-on-year and an increase in market share, according to its half-year...
Advisers must tell FCA if they see other firms not meeting Consumer Duty
Advisers are required to tell the the Financial Conduct Authority (FCA) if they witness other firms in the distribution chain...
Group risk, health insurance and employee benefits not covered by Consumer Duty
The provision and servicing of group risk, group health insurance and other workplace benefit schemes is not covered by Consumer...
FCA toughens senior manager oversight of Consumer Duty and plans implementation review
The Financial Conduct Authority (FCA) is already planning for a post-implementation review of its Consumer Duty and has strengthened oversight...
Industry argued nine-month Consumer Duty timetable was ‘overly short’ and did not match equivalent policies
The Financial Conduct Authority's (FCA) decision to extend the implementation period of its Consumer Duty followed concerns raised by industry...
Consumer Duty no more challenging for advisers than any other rules – Mills
The Consumer Duty is no more challenging to advisers than any other part of the financial services sector, according to...
FCA gives firms three-month extension to implement Consumer Duty
The Financial Conduct Authority (FCA) has given firms a three month extension to execute its Consumer Duty for all new...
Consumer Duty does not ban loaded premiums but FCA may review issue
The Financial Conduct Authority (FCA) has confirmed its Consumer Duty does not explicitly prohibit the controversial practice of loaded premiums...
Largest firms benefit as insurance advice revenue up but PII soars 59%
The largest insurance intermediary firms benefitted most in 2021 as revenues in the market grew – but professional indemnity insurance...
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