Group Risk

All distributors are required to ensure their charges for distributing products or services represent fair value, according to guidance from the Financial Conduct Authority (FCA) on its incoming Consumer Duty. The guidance...

This week the Financial Conduct Authority (FCA) published the final rules and guidance for its landmark Consumer Duty. The rules promise to trigger a major shift in how the financial services industry...

UK bosses claim that ensuring robust mental and physical health among employees is key to increasing productivity and profitability, and is the main aim of health and wellbeing policies. The vast majority...

Mortgage Advice Bureau (MAB) has taken a majority ownership stake in protection advice firm Vita Financial as it seeks to expand in the protection insurance market. The network said it increased its...

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...

The 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...

Scottish Widows  has seen new protection business rise 50% year-on-year and an increase in market share, according to its half-year 2022 results. The results reveal the insurer saw new protection business grow...

Advisers 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....

The 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...

The 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...