FCA action results in principals terminating relationships with 650 ARs
Action taken by the Financial Conduct Authority (FCA) in its latest financial year has resulted in principals terminating relationships with ...
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Tag: FCA
Indemnity commission supports distribution while FCA review could include business protection and PMI – PDG
The Protection Distributors Group (PDG) will tell the Financial Conduct Authority (FCA) that it believes the protection market “works well“ ...
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‘The right thing to do’ – Advisers applaud FCA protection market investigation
Advisers have applauded the Financial Conduct Authority (FCA) launching an investigation into the protection market, citing commission levels and indemnity ...
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Key figures behind the FCA’s protection market review
The Financial Conduct Authority (FCA) has raised serious concerns about the distribution of pure protection products to retail consumers ahead ...
Read moreFCA protection market investigation focusing on loaded commission, product churn and insurer competition
The Financial Conduct Authority (FCA) will be conducting a review into the operation of the pure protection market including commission ...
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Insurer target markets too broad and lack detail as does FCA guidance – advisers
Insurers need to up their game in compiling product target market statements as they are too broad and vary widely ...
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FCA slams ‘poor’ PMI and protection product target market statements
The Financial Conduct Authority (FCA) has singled out target market statements from private medical insurance (PMI) and income protection (IP) ...
Read moreFCA requiring product withdrawals and other ‘urgent’ action as insurers and advisers failing to demonstrate fair value
The Financial Conduct Authority (FCA) is requiring insurers and intermediaries to take remedial actions including ordering them to withdraw products ...
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FCA concerned about poor insurance value – but health cash plans are best performer
The Financial Conduct Authority (FCA) has continued to express concern over the value proposition of Guaranteed Asset Protection (GAP) insurance, ...
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Insurance intermediary income up 15.7% but firm numbers drop below 10k
Insurance intermediaries saw their revenue rise 15.7% last year to reach £24.5bn – up from £21.2bn in 2022. Commissions earned ...
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