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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…
FOS speech at the FCA’s ‘Consumer Duty: One year on’ webinar
At the FCA’s “Consumer Duty: One year on” webinar, Abby Thomas, the FOS Chief Executive and Chief Ombudsman, delivered a speech reflecting on the first year of Consumer Duty. The speech covered the role of FOS, the impact the Consumer Duty has had on…
FCA speech at its ‘Consumer Duty: One year on’ webinar
At its “Consumer Duty: One year on” webinar, Sheldon Mills, FCA Executive Director of consumers and competition, delivered a speech reflecting on the first year of Consumer Duty. In considering the impact of the Duty to date, the FCA welcomes the improvements…
