Regulation

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.

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?

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?

The FCA has published its latest Regulatory Initiatives Grid, setting out its planned regulatory initiatives for the next 24 months.

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.

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.

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?

RWA recently worked with Ecclesiastical Insurance to deliver a webinar on how to establish a robust training and competency framework. This article looks at why training and competence is so important.

On the latest podcast from IHRS, Katherine Watkins talks to RWA Regional Business Manager, Carol Jenkins, to discuss regulatory compliance and the benefits of planning ahead.

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