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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 moreWorkplace menopause education should be for everyone – Towergate
Menopause education in the workplace must be targeted at all employees - not just those going through the menopause, according to Towergate Health & Protection. Marking World Menopause Day, Debra Clark, head...
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 moreAxa Health targets patient safety with hospital chiefs’ meeting and comparison dashboard
Axa Health is introducing a range of measures to tighten up practice and compare and inform hospitals and healthcare providers around clinical performance and patient safety. The insurer is working on a...
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 moreHealth and Social Care Levy axe confirmed costing £65bn
Chancellor Jeremy Hunt has confirmed the National Insurance hike and introduction of the Health and Social Care Levy will not take place despite making a host of u-turns today undoing much of...
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Beagle Street launches into adviser protection market
