The FCA has issued a statement and has published a web page confirming the expected extended pause to the deadline for motor finance firms providing a final response to customer complaints, regarding discretionary commission arrangements (DCAs). The date has been...
The FCA has published a speech, delivered by Nikhil Rathi, FCA Chief Executive, on 19th September 2024, at StepChange Connected 2024 at the Aspire building in Leeds. Rathi noted that the building was previously Yorkshire Penny Bank Head Office, a bank founded by...
The FCA has published a web page regarding insights from the first year of the implementation of the price and value outcome under the Consumer Duty, which is intended to help firms improve the way they think about fair value assessments. For the general insurance...
The FCA has published a consultation paper regarding consumer credit reporting. The FCA wants to improve the information it collects from firms, so that it can better understand firms’ consumer credit activities and proactively supervise firms to identify and prevent...
The FCA has updated its General Insurance Pricing Practices (GIPP) Q&A document. Q 1.11 has been removed, and the answers to Q 1.12 and 1.13 have been updated with new answers, superseding the previous versions. Q 1.11 (now removed) was “Can firms have different...
The FCA has published a Terms of Reference for a Market Study focusing on the distribution of ‘pure protection’ products to retail customers. The FCA is launching the study because of concerns that competition is not working well in the market. Pure protection...
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