Regulatory Updates

The FCA continues investigation into handling of non-financial misconduct

16 Feb 2024 - In The News

On the 6th February, the FCA sent a letter to wholesale insurers and intermediaries requesting data on incidents of non-financial misconduct and how they are dealt with, and indicated that banks and brokers will be next to be contacted.

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Home Insurance Premiums Rise due to Adverse Weather and Inflated Repair Costs

15 Feb 2024 - In The News

According to the latest ABI Household Premium Tracker, after multiple storms hit the UK, the average house insurance premium rose by 4% in the last quarter of 2023 and with recent widespread flooding across the UK, it is thought that premiums could rise again.…

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FCA questions banks and the wholesale insurance sector about the handling of non-financial misconduct

12 Feb 2024 - Regulatory Updates

Banks and the wholesale insurance sector should prepare to receive a survey from the FCA requesting data on non-financial misconduct as the regulator begins its investigation into how incidents are detected and handled in the financial services sector.

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The FCA and the Practitioner Panel launch their joint survey for 2024

5 Feb 2024 - In The News

The FCA and Practitioner Panel joint survey will be sent to a sample of regulated firms to gather feedback on how the industry is regulated. The survey is carried out on the FCA’s behalf by Verian (formerly known as Kantar Public), an independent social…

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FCA responds to its independent panels’ annual reports

5 Feb 2024 - In The News

The FCA consults on its work with six independent statutory panels, which are integral to developing FCA policies and other regulatory decisions. Statutory panels represent the interests of consumers and practitioners, including smaller regulated firms and…

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Training and Competence (T&C) in 2024 – challenges, considerations, and the value of training

1 Feb 2024 - Hot TopICS

With the current FCA focus on value in insurance, firms could take an opportunity to use an appropriately ‘value’-focused 2024 T&C plan to help demonstrate their overall value proposition.

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