All FCA articles – Page 10
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NewsInsurance industry backs FCA’s Consumer Duty as 'a new frontier' for customer protection
The FCA believes that ’firms are not consistently and sufficiently prioritising good consumer outcomes’, therefore its Consumer Duty will mark ’a new frontier’ in its supervision approach
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NewsFCA launches consultation to crack down on appointed representative model
Amid fears of mis-selling, the regulator reveals that ‘the level of harm we are currently seeing is too high’
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AnalysisBriefing: Brokers call for clearer communications from ‘faceless’ FCA
Feedback from Insurance Times’ Broker CEO Forum shows a disconnect between the regulator and the broking sector, with many believing communications from the FCA around its pricing reform fall short
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NewsAviva calls on government to make Online Safety Bill inclusive of spoofing scams
FCA data reported that £78m was stolen by clone firm investment scams between January and December 2020
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NewsGovernment’s post-Brexit financial services regulation proposals could see insurance sector ‘flourish’
The consultation on the future regulatory framework will close on 9 February next year
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NewsTrade bodies band together to create standardised product governance assessment form
Without cross-market guidance, the new rules had the potential to ‘snowball into an unmanageable administrative burden’ for insurance market participants, says LMA head of regulatory affairs
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Sponsored ContentSupporting brokers following the FCA’s 2022 fair value reform deadline – Close Brothers Premium Finance
Elliott Hayes, Close Brothers Premium Finance’s commercial sales director, explains how the premium finance provider is helping brokers ahead of the FCA’s final deadline for its general insurance pricing reform
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AnalysisBriefing: Brokers are desperate for a more public FCA - will it oblige?
The insurance industry is desperate for the FCA to become more public
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NewsFinancial services regulators flag 134 upcoming regulatory initiatives
Regulators acknowledge that although ‘the burden of the current regulatory pipeline’ is ‘significant’, it is also ‘appropriate’
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NewsRegulators join forces in publishing climate change adaptation reports
The FCA’s responsibilities include evolving its environmental, social and governance strategy
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NewsFCA calls for Online Safety Bill extension in latest report
The regulator’s chief executive says the FCA is ’committed to being more innovative, assertive and adaptive’
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AnalysisMichael Sicsic: FCA’s clamp down on price walking means industry needs to ‘get its act together’
Managing director says the complexity and difficulty of the FCA’s pricing rules may push smaller brokers to seek acquisitions from bigger firms
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NewsFCA still concerned over industry understanding of product governance rules
The regulator said that brokers are struggling to identify themselves as manufacturers or distributors, meaning they are uncertain whether updated product governance rules apply to them
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NewsFCA chair plans to step down in spring 2022
Chairman wishes to hand oversight of the FCA’s transformation programme to successor who will see the project through to completion
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NewsFCA issues warning to insurance firms over hybrid working risks
The regulator will be evaluating firms on a case by case basis
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AnalysisClarity over ‘excessive’ administration fees vital as FCA tightens rules
Following the FCA warning that firms are struggling to meet its deadline for the implementation of new fair value rules, the debate over broker administration fees and potential double charging has intensified
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AnalysisBriefing: Size is important when it comes to being resilient to the FCA’s GI pricing reform
Webinar panellists emphasise that firms cannot assume how their customers will behave post-reform, with switching still rife even if consumers are offered lower prices
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AnalysisBriefing: FCA value and pricing reform throws up big questions – but there is help
The FCA pricing reform deadline is fast approaching this Friday, but there is help in answering the key questions
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NewsKPMG warns of ‘uneven playing field’ ahead of regulator’s product governance rules
The FCA’s product governance rules come into force on 1 October and some insurance firms are not ready
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FeaturesFraud Charter: Online Injury Claim portal could be ‘fraud hotbed’ but figures down
The data from the new OIC portal could be a ’real positive’ for the insurance industry, but it needs to be handled with care