In a press release, the CII has confirmed that a group of ‘rising stars of the insurance broking profession’ have called for the FCA to introduce mandatory qualifications to advise clients on insurance coverage. The group concluded, after conducting a survey of...
The FCA has published its 26th May 2022 Board meeting minutes, which cover a number of issues including the Consumer Duty, the Regulatory D&I Framework, and the FCA’s Freedom of Information Act (FOI) and Subject Access Request (SAR) pressures. The Consumer Duty...
The FCA has published the 2022/23 periodic regulatory fees and levies for the FCA, FOS, the Money and Pensions Service (referred to in the FEES manual as the Single Financial Guidance Body – SFGB), devolved authorities, and the Treasury’s expenses in funding the teams...
After 30 September 2022, the Bank of England will be withdrawing the legal tender status of paper £20 and £50 banknotes. After this date, only polymer notes will have legal tender status and you will no longer be able to use Bank of England paper notes in shops or to...
The FSCS has published its May 2022 Outlook update which confirms the latest compensation and overall levy forecast for 2022/23. The update also outlines FSCS priorities for 2022/23 which include embedding funeral plans into scope, working on customer experience of...
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