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...
The FCA has published the annual Value Measures data for the calendar year 2023. In introducing the publication, the FCA has reminded firms that it wrote to manufacturers of GAP insurance in 2023 in relation to concerns over value. The FCA...
The FCA has published a Discussion Paper DP24/1 about the regulation of commercial and bespoke insurance business. The FCA wants to ensure that customers in the commercial insurance market are protected appropriately, while also not placing unnecessary regulatory...
At its “Consumer Duty: One year on” webinar (recording here), Sheldon Mills, FCA Executive Director of consumers and competition, delivered a speech reflecting on the first year of Consumer Duty. A transcript of the webinar is also available. ·In considering the...
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