On the 6th February, the FCA sent a letter to wholesale insurers and intermediaries requesting data on incidents of non-financial misconduct and how they are dealt with, and indicated that banks and brokers will be next to be contacted. The survey forms part of the...
According to the latest ABI Household Premium Tracker, after multiple storms hit the UK, the average house insurance premium rose by 4% in the last quarter of 2023 and with recent widespread flooding across the UK, it is thought that premiums could rise again. The...
The FCA has published its Q4 2022 financial promotions data and an annual financial promotions overview for 2022. The Q4 2022 page analyses the latest data covering 1st October 2022 to 31st December 2022 from the FCA’s action against authorised firms breaching...
The FCA has updated its MFA web page to confirm that MFA has now been launched. This has been introduced to strengthen how firms and others log into FCA systems and to further control and protect data access. You now need to enter a one-time passcode each time you log...
The FCA has updated its trading names guidance web page, outlining the appropriate use of trading names, explaining what a firm should and should not do, and reminding firms that they can register a trading name that is different from its Company name. The web page...
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