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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Tag: FCA
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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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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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 ...
Read moreFCA 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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Aviva virtual agent won’t tackle complex bereavement or CI claims – Blanc
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Is AI an adviser’s friend or foe? analysis
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Woodley becomes head of healthcare development at The Exeter as Page takes over distribution
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Advisers may need to justify why trust or beneficiary nomination not used – Wheatcroft
