Even though the FCA is entirely funded by taxpayers and is not a business, it still has a business plan. Here’s the word; In its Business Plan for 2024-25, the Financial Conduct Authority (FCA) has […]
The word from Fairer Finance; Fairer Finance has launched a Fair Value Report tool to allow financial service firms to assess the value offered by their products by benchmarking them against the wider market, showing […]
The interpretation of the Consumer Duty is a tricky issue for both the FCA and the insurance industry. What is “fair” is ultimately an opinion, which needs to be broadly shared between consumers and those […]
A day of reckoning has been widely predicted across the insurance sector after the FCA announced it was taking stock of the interest rates applicable on car leasing and other car finance options. The feeling […]
The latest case report from the HSE; A recycling company has been fined £2.15million after an agency worker was killed by a loading shovel at its site in Hartlepool. Dean Atkinson lost his life when […]
Six months since the introduction of the FCA’s Consumer Duty, James Daley, managing director of consumer group and ratings provider, Fairer Finance, reflects on the impact so far and what we can expect in the […]
Some insights from Gallagher Bassett UK; The Financial Conduct Authority (FCA) introduced a significant regulatory change in the UK insurance industry on 31st July 2023. The new Consumer Duty Principle 12, replacing ‘Principle for Businesses 6’, […]
Amy Nesbitt, Partner, Weightmans LLP, and member of the D&O FOIL Sector Focus Team takes a look at the implications of the ECC Act for insurers. On 26 October 2023, the Economic Crime and Corporate […]
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