MPs are calling on government to appoint a menopause ambassador who would report every six months on "particularly poor" employer practices in supporting menopausal women. The recommendation features in a cross-party House...
Read moreThe Financial Conduct Authority's (FCA) failure to explicitly ban loaded premiums under its Consumer Duty means the pressure is on insurers and distributors to justify continuing the controversial practice, according to St...
Read moreAdvisers are required to tell the the Financial Conduct Authority (FCA) if they witness other firms in the distribution chain who are not meeting its incoming Consumer Duty, the regulator has announced....
Read moreThe provision and servicing of group risk, group health insurance and other workplace benefit schemes is not covered by Consumer Duty rules, the Financial Conduct Authority (FCA) has confirmed. However small and...
Read moreThe Financial Conduct Authority (FCA) is already planning for a post-implementation review of its Consumer Duty and has strengthened oversight demands on senior people within firms. The regulator said the review would...
Read moreThe Financial Conduct Authority's (FCA) decision to extend the implementation period of its Consumer Duty followed concerns raised by industry respondents who claimed the original timetable was "highly challenging" and "overly short"....
Read moreAs part of it’s incoming Consumer Duty the Financial Conduct Authority (FCA) has set out ten expectations of how firms should act to ensure they are complying with the new rules. These...
Read moreThe Consumer Duty is no more challenging to advisers than any other part of the financial services sector, according to Sheldon Mills, executive director for consumers and competition at the FCA. At...
Read moreThe Financial Conduct Authority (FCA) has given firms a three month extension to execute its Consumer Duty for all new and existing products and services currently on sale and an additional 15...
Read moreThe Financial Conduct Authority (FCA) has confirmed its Consumer Duty does not explicitly prohibit the controversial practice of loaded premiums where premium rates are inflated to pay distributors and advisers higher commission....
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