Insurance Brokers

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 financial market participants.  In responding to the annual reports of these six panels, the FCA has addressed some general themes.

A recent arbitration case has highlighted the importance of insurance intermediaries understanding, and adhering to, contractual terms and conditions, particularly where policyholders pay for their insurance through premium finance or credit agreements.

The FCA has published a web page setting out its intentions to intervene again in the motor finance market and has published a Policy Statement regarding temporary changes to handling rules for motor finance complaints.

The FCA has published a recording and transcript of its December 2023 webinar on the next steps for the Consumer Duty.

The FCA has highlighted its biggest milestones and achievements over the last 12 months, including its introduction of the Consumer Duty.

The International Capital Market Association (ICMA) and the International Regulatory Strategy Group (IRSG) have launched a new voluntary code of conduct for ESG data providers and ratings in light of increased regulatory focus on greenwashing risks within the industry.

Password management system NordPass have released their annual report featuring the top 200 most common passwords for 2023. Is yours on the list?

The FCA has recently proposed new rules to maintain reasonable access to cash for personal and business customers across the UK. This article looks at how firms can mitigate barriers that may prevent consumers from pursuing their financial objectives.

The FCA has published new Rules and Guidance concerning sustainability disclosures which, although aimed at the investment sector, includes a specific Rule that applies to all firms.

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