Lloyd’s has published Market Bulletin Y5381, in which it is setting out requirements for exclusions in standalone cyber-attack policy wordings from March 2023 for state-backed cyber-attacks. It has said that its insurers will be required to stop covering state-backed...
When we review financial promotions that contain images or pictures, we will always assess whether the images are appropriate and that they don’t create a misleading impression. As part of its latest CAP Codes insights round-up e-mail, the ASA is reminding firms that...
Published as a Financial Ombudsman Service (FOS) Insights blog, Simon Rawle, Ombudsman Leader, has outlined the new Duty from the FOS’ perspective and explains how the FOS is working with the FCA and other stakeholders in relation to the implementation of the Consumer...
On 20th July HM Treasury published details of legislation to enhance the competitiveness of UK financial services and unlock growth and investment across the UK. The page on which the details are published will allow other related documents to be sourced, and where...
Today the FCA has published a Consumer Duty press release, the much anticipated Policy Statement PS22/9 and final Guidance FG22/5 on it’s website. The Consumer Duty sets higher and more defined standards of consumer protection across financial services sectors and...
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...
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