The FCA and the PRA have both published their Consultation Papers on Diversity and Inclusion in the Financial Sector. The FCA’s Consultation closes on 18th December 2023 with a Policy Statement expected in 2024, and implementation 12 months after that. In its...
Following on from its report on multi-occupancy buildings insurance, the FCA is proposing new rights and protections for leaseholders to improve the transparency of the multi-occupancy leasehold buildings insurance market. Under the proposals, set out in the...
The FCA’s new Rules for all Principal firms came into force on 8th December 2022. The FCA clarified and strengthened the responsibilities and expectations of Principal firms, and one of the FCA’s organisational commitments is improving Principals’ oversight of...
The FCA has sent a letter to Claims Management Companies (CMCs) which, although not as hard-line as their similar October 2020 Portfolio Letter, provides a window into the FCA’s current focus on unregulated activity. Firms should understand the reasons for the FCA’s...
The price and value outcome of the FCA’s new Consumer Duty focusses on ensuring that products and services offer fair value to consumers. Firms offering products or services that do not offer fair value are unlikely to be compliant with the other areas of the...
The FCA has published the awaited insurance product value measures data for the period July to December 2021. In its General Insurance (GI) add-ons Market Study (MS14/1), published a little over eight years ago, the FCA identified poor product value as an area of...
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