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FCA updates its General Insurance Pricing Practices Q&A document
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.
The FCA has reviewed Principal firms’ embedding of the enhanced Appointed Representatives (ARs) regime
Having reviewed how well Principal firms have embedded the requirements of the enhanced AR regime, the FCA has set out good practice and areas for improvement to help Principal firms effectively oversee and monitor their ARs. The FCA’s approach is in line…
FCA announces work in the retail customer pure protection market – Market Study MS24/1.1
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…
FCA publishes the latest value measures data
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 also wrote to…
FCA Discussion Paper DP24/1: Regulation of commercial and bespoke insurance business
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…
FCA publishes a suite of proposals to reduce regulatory burdens
The FCA has issued four sets pf publications to try to reduce the regulatory burden on firms whilst at the same time supporting growth and competitiveness and avoiding consumer harm. The FCA, through this review, is seeking to establish whether the rules…
