Having an Environmental, Social and Governance (ESG) strategy demonstrates a firm’s commitment to reducing the risk of harm. This article examines the social impact of businesses and what firms will need to consider for their own practices.
FCA Tackles Scams with Data Strategy
The FCA is using data to tackle online fraud faster by scanning around 100,000 websites created every day to identify those that appear to be scams. Between May 2021 and April 2022, 1,966 possible scams were added to its consumer warning list, which is over a third more than during the same period the previous year.
What Firms Need to Know About the FCA’s Consumer Duty
Final rules are expected on the FCA’s upcoming Consumer Duty at the end of July. This will be followed by an implementation period that is proposed to end on 30 April 2023. What does the FCA’s Consumer Duty mean for firms?
FCA Speech on Improving Financial Inclusion
In a speech delivered at the Financial Inclusion Virtual Summit 2022, the FCA has stressed the importance of improving financial inclusion. What is financial inclusion and what role can the financial services industry play?
FCA Publishes Latest Regulatory Initiatives Grid
The FCA has published its latest Regulatory Initiatives Grid, setting out its planned regulatory initiatives for the next 24 months.
Adding Value with e-Learning
How we learn best and the approach we prefer is individual to us. The same is true of e-learning delivery. Did you know there are many different styles of online learning? This article looks at how e-learning provides a solution where relevant content can be accessed easily, on-the-go and in one place.
FCA Sends Portfolio Letter to Personal and Commercial Lines Brokers
The FCA has sent a portfolio letter to personal and commercial lines insurance intermediaries, setting out its view of the key risks they could pose to consumers or markets.
FCA to Use New Powers to Cancel Permissions More Quickly
The FCA will be able to use new powers to more swiftly cancel or change what regulated activities firms are permitted to do. The new power aims to strengthen consumer protection and supports the FCA’s existing initiative which reminds firms to regularly review their regulatory permissions.
FCA Speech at BIBA 2022
At last week’s BIBA conference, the FCA’s Sheldon Mills gave a speech outlining the vital role insurance brokers play in helping consumers and businesses access the insurance products they need, especially in times of uncertainty. What key areas were covered?