The FCA has fined LBGI (Lloyds Bank General Insurance Limited, St Andrew’s Insurance Plc, Lloyds Bank Insurance Services Limited and Halifax General Insurance Services Limited) £90,688,400 for failing to ensure that language contained within millions of home insurance...
The FCA has issued a Dear CEO letter to general insurance intermediaries stressing the critical importance of maintaining adequate client money safeguards. The letter follows on from the work the FCA has completed in conjunction with its financial resilience surveys...
In addition to its Policy Statement (PS21/8: Regulation of funeral plans – Feedback to CP21/4 and final rules) the FCA has also published a Consultation Paper CP21/20: Regulation of funeral plans – Further proposals. The FCA is consulting on further...
The FCA has released its Policy Statement PS21/8: Regulation of funeral plans – Feedback to CP21/4 and final rules, setting out the majority of its final rules for firms wishing to operate in the prepaid funeral plan sector beyond 29th July 2022. Consistent with...
The FCA has published its final 2021/22 regulated fees and levies information. All fee-payers will be affected by this Policy Statement. Firms can use the online fees calculator to calculate their individual fees based on the final rates in the Policy Statement. This...
In a speech delivered to City Week 2021 on 22nd June, Nikhil Rathi has spoken about building a future-ready regulatory environment in the UK The key take-aways from the speech were: Leaving the EU allows the FCA to tailor its rules to better suit the UK markets, while...
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