Focus on price and value ‘challenging’ as firms have used opaque fees – FCA
Financial services firms have found focusing on price and value “challenging” during the first year of the Consumer Duty, according ...
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Tag: FCA
FCA wants firms to identify rules to eliminate that overlap with Consumer Duty
The Financial Conduct Authority (FCA) is calling on firms to suggest rules which could be eliminated or simplified if they ...
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Advisers increase CI and IP market share as sales surge 18% and non-advised completions slump
Advised pure protection product sales rose by almost 18% over the last four years while non-advised sales dropped by nearly ...
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FCA cancels protection advice firm’s permissions after waiting five years for fees
A mortgage and protection advice firm has had its permissions to operate cancelled by the Financial Conduct Authority (FCA) after ...
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FCA warns insurance industry to improve Consumer Duty monitoring
The Financial Conduct Authority (FCA) has warned the insurance industry to improve monitoring to determine whether firms are delivering good ...
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As Consumer Duty board reports deadline looms, firms need to act now, warns Bennett
Advice firms are being warned they must engage with the Financial Conduct Authority's (FCA) Consumer Duty board reports and ensure ...
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FCA says Consumer Duty has key role in tackling economic abuse
The Financial Conduct Authority (FCA) has a key role to play in tackling economic abuse. This is according to Joanna ...
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FCA conducting thematic review of protection product governance and fair value
The Financial Conduct Authority (FCA) has undertaken an in-depth review of the life insurance market's governance arrangements and pure protection ...
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FCA tells life insurance CEOs to review closed products ahead of looming deadline
The Financial Conduct Authority (FCA) has written to life insurance CEOs with key questions they must ask themselves ahead of ...
Read moreCommission should better demonstrate value of brokers – FCA
The insurance sector has been challenged to show greater leadership in demonstrating the value that brokers bring to designing commissions ...
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