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Archive
LMA publishes a refreshed model wording and a new clause
Link(s):InsightsLMA launches new clause to strengthen sanctions compliance in (re)insurance contracts Context The has published a refreshed model wording for UK Consumer Personal Accident lines, and a new clause to strengthen sanctions compliance in (re)insurance...
CII announces that four in five insurance professionals oppose FCA’s CPD proposal
Link(s):4 in 5 insurance professionals oppose FCA CPD proposal Context The CII has stated that it has found significant opposition to the FCA’s proposal to remove the requirement for those working in the insurance profession to undertake a minimum of 15 hours training...
HMT publishes analysis report by New Financial: Women in Finance Charter
Link(s):New Financial analysis: Women in Finance - GOV.UKNew Financial analysis of signatory data: focus on acceleration (June 2025) - GOV.UKPowerPoint Presentation Context New Financial are working with HM Treasury to conduct an annual review of the HMT Women in...
ASA publishes its commitment to protecting vulnerable consumers
Link(s):Our commitment to protecting vulnerable consumers - ASA | CAP Context The ASA has stated that it “…will put people first and prioritise protecting vulnerable people…” in announcing its commitment to protecting vulnerable customers. The first strand of...
FOS and HM Treasury publish the FOS Annual Report and Accounts 2024/25
Link(s):Annual reports and accounts – Financial Ombudsman serviceFinancial Ombudsman Service Annual Report and Accounts 2024-25 Financial Ombudsman Service Annual Reports - GOV.UK Financial Ombudsman Service Annual Report 2024 to 2025 - GOV.UK FOS and HM Treasury have...
FOS publishes complaints data and insight 2024/25
Link(s):Financial Ombudsman Service receives over 305,000 complaints in 2024/25 – Financial Ombudsman serviceQuarterly complaints data: Q4 2024/25 – Financial Ombudsman service Annual complaints data and insight 2024/25 – Financial Ombudsman service Context FOS has...
FCA confirms its Fees and Levies for 2025/26 – Policy Statement PS25/8
Link(s):PS25/8: FCA regulated fees and levies 2025/26 | FCAPS25/8: FCA regulated fees and levies 2025/26CP25/7: FCA regulated fees and levies: rates proposals for 2025/26 Context The FCA has published its final Fees and Levies rates and information for 2025/26 in...
FCA reporting and online systems updates
Link(s):Handbook Notice 131PS25/7: Data Decommissioning: Removing reporting and notification requirements | FCAPS25/7: Data Decommissioning: Removing reporting and notification requirements nvoice and credit tasks added to My FCA | FCA Context The FCA has confirmed in...
FCA publishes Consultation Paper CP25/18: ‘Tackling non-financial misconduct in financial services’
Link(s):FCA clarifies expectations on bullying, harassment and violence to deepen trust in financial services | FCACP25/18: Tackling non-financial misconduct in financial services | FCA CP25/18: Tackling non-financial misconduct in financial services CP23/20:...
CII sets out vision for vulnerability data sharing
Link(s):CII sets out vision for vulnerability data sharingData sharing across the distribution chain roundtable Context The CII has outlined a vision for transforming how vulnerability data is shared across the insurance and personal finance distribution chain to meet...
FCA announces a new FCA Handbook website
Link(s):Handbook of rules and guidance | FCA Context The FCA has announced, again in its most recent Regulatory Round-Up communication and in a new web page, that it is launching a new and improved Handbook website. This is part of our the FCA’s strategy to be a...
FCA updates its ‘Keeping your firm’s information up to date’ web page
Link(s):Keeping your firm's information up to date | FCA Context The FCA has updated and refreshed the content of its ‘Keeping your firm’s information up to date’ web page. As a useful reminder, this page outlines what firms need to do to ensure that their details...
FCA publishes a ‘When and how to notify the FCA or PRA’ web page
Link(s):When and how to notify the FCA or PRA | FCA Context The FCA has published a new web page setting out when and how firms can, should or must notify the FCA and / or the PRA about certain events. The notification rules in the FCA Handbook may state a...
PCL reports that consumers becoming more accepting of using credit to pay for insurance
Link(s):Consumers becoming more accepting of using credit to pay for insurance Context New independent consumer research, conducted by Viewsbank among a nationally representative sample of 827 aged 18-plus between 7th and 10th March 2025, shows that Insurance...
ABI responds to Defra announcement on flood defences
Link(s):ABI responds to Defra announcement on flood defences | ABI Context The ABI has responded to Defra’s announcement of a commitment to invest £7.9 billion over ten years in flood defences, welcoming the Government's commitment to more funding and a long-term...
ICO confirms that the Data (Use and Access) Act 2025 (DUAA) has now received Royal Assent
Link(s):UK organisations stand to benefit from new data protection laws | ICO Context The ICO has confirmed that the Data (Use and Access) Act 2025 (the DUAA) has received Royal Assent, so is now law. This new legislation updates key aspects of data protection law,...
ICO fines 23andMe £2.3m for data security failings
Link(s):23andMe fined £2.31 million for failing to protect UK users’ genetic data | ICO23andMe | ICO23andMe - Penalty Notice (Redacted Non-Confidential) Context The ICO has published an earlier press release and a redacted Penalty Notice setting out the reasons for...
FCA speech: ‘A balanced strategy to support financial services’
Link(s):Eating your regulatory greens: a balanced strategy to support financial services | FCA Context The FCA has published a speech delivered by Emily Shepperd, FCA Chief Operating Officer, at the Association of British Insurers’ 'A changing regulatory landscape:...
FSRC report on FCA growth and competitiveness objective progress
Link(s):Culture of risk aversion among financial regulators undermines their competitiveness and growth objective, warns Committee report - Committees - UK ParliamentGrowing pains: clarity and culture change required. An examination of the secondary international...
ABI responds to the Government’s Spending Review
Link(s):ABI response to the Spending Review | ABI Context The ABI has responded to the Government’s spending review. Key points to note and next actions Hannah Gurga, ABI Director General, has said the “Spending Review reaffirms the Government's continued commitment...
IUA supports new pay gap reporting proposals
Link(s):IUA supports new pay gap reporting proposals - IUA Context Members of the International Underwriting Association (IUA) have supported plans to introduce mandatory ethnicity and disability pay gap reporting. However, the organisation warned that requirements...
FCA speech: ‘Risk, reform, reward: Why the UK is the place to invest’
Link(s):Risk, reform, reward: Why the UK is the place to invest | FCA Context The FCA has published a speech given by Simon Walls, FCA Executive Director of Markets, at the Global Management Summit 2025, Guildhall London. Although delivered to fund managers, the...
FCA publishes Quarterly Consultation no.48 – CP25/16: removing and amending reporting requirements
Link(s):FCA removes further regulatory returns no longer needed | FCA CP25/16: Quarterly consultation paper No. 48 | FCACP25/16: Quarterly Consultation Paper Context The FCA has published, as part of its latest Quarterly Consultation, proposals to remove reporting...
ABI responds to MP statement on investing in flood resilience
Link(s):ABI responds to MP statement on a reformed approach to investing in flood resilience | ABIFlood and coastal erosion funding reform - GOV.UKReforming our approach to floods funding - Defra - Citizen Space Reforming our approach to floods funding - Page 1 of 15...
OFSI releases a new video series ‘Financial Sanctions: The Basics’
Link(s):OFSI Video Guidance - GOV.UK Context The OFSI has released a new video series, ‘Financial Sanctions: The Basics’. This series provides high level, accessible guidance on OFSI’s processes and how to comply with financial sanctions obligations Key points to note...
FCA and ICO publish a blog: ‘Tech, trust and teamwork: how the FCA and ICO are helping innovation take off’
Link(s):Tech, trust and teamwork: how the FCA and ICO are helping innovation take off | FCA Tech, Trust and Teamwork: How the FCA & ICO are Helping Innovation Take Off | ICO Context Nikhil Rathi, FCA Chief Executive, and John Edwards, the UK Information...
FCA updates its Enforcement Guide and publishes details of its approach to enforcement investigations – Policy Statement PS25/5
Link(s):Updated version of our Enforcement Guide published | FCA PS25/5: Our Enforcement Guide and greater transparency of our enforcement investigations | FCAPS25/5: Our Enforcement Guide and greater transparency of our enforcement investigations Context The FCA has...
PCL publishes its 2025 Insurance Index
Link(s):Premium Credit Insurance Index 2025One in 10 SMEs plan to boost insurance cover in the year ahead Context PCL has published its 2025 Insurance Index, alongside commentary in relation to the use of premium instalment facilities by the SME community. The...
FCA to update requirements, directions and limitations applied to over 9,000 firms
Link(s):FCA updates to requirements, limitations and directions | FCA Context Following a review of its data, the FCA is to review and update some 11,000 requirements, directions and limitations applied to over 9,000 firms. The FCA’s review sought to assess whether...
FCA webinar 4th June 2025: “Simplifying insurance rules and explaining fair value assessments”
Link(s):Simplifying insurance rules and explaining fair value assessments - FCA Webinars Context The FCA has announced details of a forthcoming webinar, to be held on 4 June 2025 at 11.30am, covering its recent Consultation Paper CP25/12. Considering the nature of...
FSCS publishes its May 2025 Outlook
Link(s):FSCS confirms reduced levy of £356m for 2025/26 and £56m of recoveries in 2024/25 | FSCS Outlook May 2025 | FSCS Chief Executive's statement - May 2025 Outlook | FSCS FSCS Outlook May 2025 Context The FSCS has announced the publication of its May 2025 Outlook,...
FCA publishes its Authorisations division operating service metrics 2024/25 Q4
Link(s):FCA Authorisations operating service metrics 2024/25 Q4 | FCA FCA Authorisations operating service metrics Q4 2024/25 Context The FCA has published its Authorisations division operating service metrics for the fourth quarter of its 2024/25 business year...
FCA publishes Financial Lives 2024 survey results and updated Cost of Living (Jan 2023) recontact survey results
Link(s):Financial Lives 2024 survey | FCA Financial Lives 2024: Key findings from the FCA’s Financial Lives May 2024 survey Financial Lives 2024 survey - General insurance & protection: Selected findings fls-2024-general-insurance-protection.xlsx More people have...
FCA updates its consumer Credit Reporting web page and publishes eight CCR009 data flow diagrams
Link(s):Consumer credit reporting | FCA Consumer credit reporting phases infographic CCR009: General data flow diagram CCR009: Debt adjusting / debt counselling data flow diagram CCR009: Credit broking data flow diagram CCR009: Providing credit information services...
FCA publishes Consultation Paper CP25/13: “Improving the complaints reporting process”
Link(s):FCA streamlines complaints data reporting requirements for firms | FCACP25/13: Improving the complaints reporting process | FCA CP25/13: Improving the complaints reporting process Context The FCA has published a Consultation Paper seeking to ‘streamline’...
FCA consults on simplifying its insurance rules
Link(s):FCA strips back insurance rulebook | FCACP25/12: Simplifying the insurance rules | FCAcp25-12.pdfDP24/1: Regulation of commercial and bespoke insurance businessTracing employers' liability insurers | FCA Context The FCA has announced that it will simplify its...
FCA publishes its quarterly Whistleblowing data – Q1 2025 and publishes a new ‘Whistleblowing’ web page
Link(s):Whistleblowing quarterly data 2025 Q1 | FCAWhistleblowing | FCA Context The FCA has published its quarterly Whistleblowing data covering January to March 2025, showing the numbers of new whistleblowing reports received and existing reports closed during this...
ICO consultation on draft updated encryption guidance
Link(s):ICO consultation on the draft updated guidance on encryption | ICO Context The ICO is consulting on draft updated guidance on encryption and responses will help provide additional further clarity for the updated final guidance. You can respond to the...
ASA publishes a ‘quick guide to changes to the misleading advertising rules’
Link(s):A quick guide to changes to the misleading advertising rules - ASA | CAP Context In April, the Committee of Advertising Practice (CAP) and the Broadcast Committee of Advertising Practice (BCAP) (the bodies that write the advertising Codes enforced...
BIBA publishes ‘question guidance’ to reduce disclosure-related disputes
Link(s):New guidance from BIBA seeks a clearer approach to disclosureBIBA - A Clearer Approach to Disclosure - Page 1 Context BIBA has published a brief guide containing what it describes as ‘cross-industry guidance’ suggesting that a “clearer approach to disclosure”...
EIOPA publishes a comprehensive and balanced approach to ‘simplification for competitiveness’
Link(s):EIOPA follows a comprehensive and balanced approach to simplification amid push for competitiveness - EIOPANote on EIOPA's views for better regulation and supervision - EIOPA Bolder, Simpler, Faster: EIOPA’s views for better regulation and supervision Context...
ABI reports record high claims payouts for weather related damage
Link(s):Funding for flood defences crucial as the bill for bad-weather hits record quarterly high | ABI Context Between January and April this year, ABI is reporting that insurers have faced claims for weather-related damage to people’s homes and possessions of over...
ASA publishes its Annual Report for 2024
Link(s):Advertising Standards Authority Annual Report 2024 Context The ASA has published its Annual Report for 2024, which highlights its transformational work into a preventative and proactive regulator. Key points to note and next actions In 2024, nearly 34,000...
FOS publishes its complaints data for the second half of 2024
Link(s):Financial Ombudsman Service received over 140,000 complaints in the second half of 2024 – Financial Ombudsman service Half-yearly complaints data: H2 2024 – Financial Ombudsman service Context FOS has announced the publication of its latest half-yearly...
FOS publishes its latest Ombudsman News
Link(s):Half-yearly complaints data: H2 2024 – Financial Ombudsman service Strategic plans and budget – Financial Ombudsman service Complaints about discrimination – Financial Ombudsman service Context FOS has issued its latest Ombudsman News e-mail highlighting its...
FCA restricts Direct Trading Technologies from carrying out regulated activities
Link(s):FCA restrictions on Direct Trading Technologies Context Following a Supervisory Notice issued on 25 March 2025, the FCA has placed restrictions on Direct Trading Technologies (DTT) preventing it from carrying out any regulated activities and restricting access...
FCA publishes latest Appointed Representatives data
Link(s):Appointed representatives data | FCA Responsibilities and how to oversee your appointed representatives | FCA Principals and appointed representatives | FCA Context The FCA has published it latest 6-monthly Appointed Representatives data, showing the numbers...
FCA publishes Policy Statement PS25/3: Consumer credit regulatory returns
Link(s):FCA to replace consumer credit data reports | FCA PS25/3: Consumer credit regulatory returns: credit broking, debt adjusting, debt counselling and providing credit information services | FCA PS25/3: Consumer Credit Regulatory Returns Context The FCA has...
FCA updates its Supervisory Correspondence web page
Link(s):Supervisory correspondence | FCA Context The FCA has updated its Supervisory Correspondence web page to include information on historical letters and market reports. Key points to note and next actions In relation to historical letters, the FCA has marked most...
FCA seeks views on launching a live AI testing service
Link(s):FCA set to launch live AI testing service | FCAAI for growth – how the FCA can help | FCAEngagement Paper: Proposal for AI Live Testing | FCAEngagement Paper 2025: Proposal for AI live testing Context The FCA has published a new web page and has delivered a...
LMA establishes specialist group for delegated authority claims
Link(s):Insights Context The LMA has established a new Delegated Authority Claims Management Group (DACMG) – in recognition of the need for increased focus on governance and operational matters related to delegated claims management. Technical claims matters...
LMA publishes a number of new model clauses
Link(s):‘Hybrid’ Terrorism & Political Violence Cyber Clauses PublishedUpdated Riot and Civil Commotion Extension for Contingency BusinessUpdated Model Cyber Clauses for Contingency BusinessWithdrawal of NMA2914 and NMA2915Model SRCC and Protest Exclusions for...
BIBA publishes cost of regulation and IPT impact research
Link(s):Regulation costs 5.2% of insurance premiumsIPT increase would be bad for business & households Context New research commissioned by BIBA, and undertaken by London Economics, reveals that regulation costs amount to 5.2% of insurance premiums collected. This...
CMA publishes a speech: “The CMA’s approach to the new consumer enforcement regime”
Link(s):The CMA's approach to the new consumer enforcement regime - GOV.UKConsumer protection law for businesses - GOV.UK Context Following its publication of a raft of guidance in relation to its consumer law oversight, the CMA has supported its published stance in a...
FCA publishes the January to March 2025 Skilled Persons Reports data
Link(s):Skilled person reviews | FCA Number of Skilled Persons Reports commissioned in 2024/25 Q4 (1 January – 31 March 2025) Context The FCA has updated its Skilled Persons Reports page to include the Q4 2024/25 (January to March 2025) data. Key points to note and...
FCA publishes a Consumer Duty pricing transparency good and poor practice report
Link(s):Consumer Duty: International payment pricing transparency – good and poor practice | FCA Context Although related specifically to international payment pricing, the good and poor practice report published today outlines some useful views from the FCA in...
FCA removes insurance broker’s Permissions – lack of fitness and propriety
Link(s):Final Notice 2025: L R Kennedy Insurance Services Context The FCA has published a Decision Notice cancelling L R Kennedy Insurance Services (“the firm”)’s Part 4A Permissions to carry on regulated activities. Based on the facts of the case, the FCA believes...
FCA updates its guidance in relation to Insolvency
Link(s):Link(s):FG25/2: Guidance for insolvency practitioners on how to approach regulated firms | FCAFG25/2: Guidance for insolvency practitioners on how to approach regulated firmsFS25/3: Guidance for insolvency practitioners on how to approach regulated firms:...
CII statement on the FCA’s CPD consultation
Link(s):Statement from the CII on the FCA's CPD consultation Context In a statement in response to the FCA announcement that it will consult on removing the regulatory requirement for people working in general insurance to complete fifteen hours of ongoing training...
FCA updates its ‘FIN074 returns – who needs to pay the Economic Crime Levy’ web page
Link(s):FIN074 returns – who needs to pay the Economic Crime Levy | FCA Context The FCA has updated its web page about the FIN074 Economic Crime Levy return to add sections on the Levy itself, and on how to submit and deal with issues. Key points to note and next...
HMRC confirms Insurance Premium Tax receipts for 2024/25
Link(s):HMRC tax receipts and National Insurance contributions for the UK - GOV.UK NS_Table_final.ods HMRC tax receipts and National Insurance contributions for the UK (monthly bulletin) - GOV.UKHMRC tax receipts and National Insurance contributions for the UK (annual...
CII says institutions must be held accountable for AI outcomes
Link(s):CII says institutions must be held accountable for AI outcomes Context In recommendations submitted to the Treasury Select Committee (TSC), the Chartered Insurance Institute (CII) says institutions and individuals must be held accountable for decisions made...
FCA publishes update on supervisory letters
Link(s):FCA simplifies supervisory letters | FCA Context The FCA has published a webpage with an update that, from 30 April 2025, it will stop issuing and publishing portfolio letters. Instead, the FCA will publish a small number of market reports. The market reports...
HM Treasury publishes “New approach to ensure regulators and regulation support growth” Policy Paper
Link(s):New approach to ensure regulators and regulation support growth (HTML) - GOV.UK Context The HM Treasury has published an action plan, which sets out the Government’s approach to regulation and regulators. Key points to note and next actions The vision, as set...
FOS charges for professional representatives to refer cases come into force
Link(s):Charges for professional representatives to refer cases to the Financial Ombudsman Service come into force today – Financial Ombudsman service Context Effective from 1 April 2025, professional representatives will be charged £250 to refer a case to the FOS due...
FOS publishes its 2025/26 Plans and Budget
Link(s):Financial Ombudsman Service sets ambitious targets for case resolution in 2025/26 – Financial Ombudsman serviceStrategic plans and budget – Financial Ombudsman serviceFinancial Ombudsman Service - Plans and Budget 2025-26 Context The FOS has published its...
FCA updates its ‘Information for firms on motor finance complaints’ web page
Link(s):Information for firms on motor finance complaints | FCA Context The FCA has added links for its court submissions to its ‘Information for firms on motor finance complaints’ web page. Key points to note and next actions Links to the following court submission...
FCA launches its My FCA portal
Link(s):FCA launches new portal making reporting easier | FCAMy FCA | FCAFCA explains: Welcome to My FCA | FCAWelcome to My FCA Transcript Context In its latest Regulatory Round-Up e-mail of 25th March 2025 (as reported last week), and in a press release on 31st March...
FCA publishes an updated Regulatory Initiatives Grid
Link(s):Regulatory Initiatives Grid | FCARegulatory Initiatives Grid - April 2025Regulatory Initiatives Grid dashboard – April 2025 | FCAregulatory-initiatives-grid-apr-2025.xlsxFinancial Services Regulatory Initiatives Forum - Minutes: February 2025Terms of...
FCA Consultation Paper CP25/8: Data decommissioning – removing reporting and notification requirements
Link(s):FCA reduces firm burden for 16,000 firms | FCACP25/8: Data Decommissioning: Removing reporting and notification requirements Context The FCA has commenced its work in relation to reducing reporting burdens for firms by publishing Consultation Paper CP25/8. The...
FCA publishes a new blog “Operational resilience: beyond regulatory raincoats”
Link(s):Operational resilience: beyond regulatory raincoats | FCA Context The FCA has published a new blog article marking the end of the operational resilience transition period on 31st March 2025, the ended. The article reflects on lessons learned and looks ahead at...
FCA publishes a further bereavement and power of attorney vulnerability report – banks and building societies
Link(s):FCA probes banks on bereavement and power of attorney policies | FCARetail banks’ treatment of customers in vulnerable circumstances Multi-Firm Review: good practice and areas for improvement | FCA Context In a further review of how firms approach the...
FCA updates its Fees web page – videos explaining how to pay annual fees
Link(s):Fees and levies | FCA Context The FCA has updated its Fees and Levies web page to include videos explaining to firms how to pay their annual fees. Key points to note and next actions The videos are: How to view your invoice How to pay How to pay your invoice...
ICO fines law firm £60,000 for data system security weaknesses
Link(s):Law firm fined £60,000 following cyber attack | ICODPP Law Ltd | ICOdpp-law-ltd-monetary-penalty-notice.pdf Context The ICO has fined DPP Law Ltd (DPP) £60,000, following a cyber attack that led to highly sensitive and confidential personal information being...
ABI responds to Which? research into insurers’ ‘storm’ and ‘flood’ definitions
Link(s):Statement on Which? findings on insurers definitions of storms and floods Context The ABI has responded to the Which? report criticising the insurance industry for not making it clear enough how it defines a 'storm' or a 'flood'. The report quotes FCA figures...
CMA publishes a raft of guidance in relation to consumer law oversight
Link(s):The UK consumer law revolution: CMA publishes long-awaited guidanceConsumer protection law for businesses - GOV.UKThe CMA's approach to consumer protectionCMA 207 Unfair commercial practicesWhat businesses need to know about unfair commercial practices -...
ASA publishes four key tips on using personal data for marketing
Link(s):Stay up to data: four key tips on using personal data for marketing - ASA | CAP10 Use of data for marketing - ASA | CAP Context The Advertising Standards Authority (ASA) has published a webpage outlining the rules that marketers need to follow when...
FCA and HM Treasury confirm reappointment of Nikhil Rathi as FCA Chief Executive
Link(s):Nikhil Rathi reappointed as FCA chief executive | FCANikhil Rathi reappointed as Chief Executive of the Financial Conduct Authority - GOV.UKReappointment of Financial Conduct Authority Chief Executive Officer -...
FCA publishes its 2025/26 regulated fees and levies proposals
Link(s):CP25/7: FCA regulated fees and levies: rates proposals for 2025/26 | FCACP25/7: FCA regulated fees and levies: rates proposals for 2025/26 Context The FCA has published its Consultation Paper, CP25/7, with its 2025/26 fees and levies proposals, which include...
FCA publishes its annual work programme for 2025/26
Link(s):Support for innovative products and new firms part of new FCA work programme | FCAFCA annual work programme 2025/26 | FCA Context The FCA has published its 2025/26 annual work programme outlining what it intends to deliver in the first year of its five-year...
Three London markets associations launch a new joint training programme to drive out non-financial misconduct
Link(s):London market associations unite to launch misconduct training programme following FCA requestBuilding a Diverse Workforce for the Future Webinar – Liiba Insights Context Following the publication of the FCA’s 2024 report on non-financial misconduct in the...
FCA confirms increase in FOS maximum award limits
Link(s):DISP 3.7 Awards by the Ombudsman - FCA Handbook Context In line with the policy to automatically adjust the Financial Ombudsman Service’s (FOS) award limit to keep pace with inflation, the award limits will increase with effect from 1 April 2025. The...
Launch of ‘My FCA’ – a reminder
Link(s):My FCA | FCA Context In its latest Regulatory Round-Up e-mail, the FCA has reminded firms that it’s new ‘My FCA’ portal for registered and authorised firms will be launched on 31 March 2025. Once signed in, users will be able to see their...
FCA sets out its planned outcomes and metrics 2025 to 2030
Link(s):FCA outcomes and metrics 2025 to 2030 | FCAA smarter regulator - more efficient and effective | FCASupporting growth | FCAHelping consumers navigate their financial lives | FCAFighting financial crime | FCA Context The FCA, alongside the publication of its new...
FCA publishes its 2025-2030 5-year strategy
Link(s):FCA launches 5-year strategy to support growth and improve lives | FCAHow we work | FCAOur strategy 2025 to 2030 Context The FCA has launched a new 5-year strategy which sets out the FCA’s vision for the next 5 years, and which will focus on 4...
FCA outlines next steps on Consumer Duty rule review
Link(s):FCA outlines next steps on Consumer Duty rule review | FCAFS25/2: Immediate areas for action and further plans for reviewing FCA requirements following introduction of the Consumer Duty | FCAFS25/2: Immediate areas for action and further plans for reviewing...
FCA announces its planned Market Study into the ‘pure protection’ market
Link(s):FCA to scrutinise whether pure protection market provides fair value to consumers | FCAMS24/1: Pure Protection Market Study | FCAMarket Study MS24/1.2: Market study into the Distribution of Pure Protection Products to Retail Customers - Terms of Reference...
FCA updates its vulnerable customer outcomes report page
Link(s):Delivering good outcomes for customers in vulnerable circumstances – good practice and areas for improvement | FCA Context The FCA has made a minor update to its recent ‘Delivering good outcomes for customers in vulnerable circumstances – good practice and...
FCA confirms fine and ban decision for Robin Crispin Odey subject to Upper Tribunal hearing
Link(s):FCA decides to fine and ban Robin Crispin Odey | FCANotice of Decision 2025: Robin Crispin William OdeyWarning Notice Statement 24/4 Context The FCA has decided to fine Crispin Odey of Odey Asset Management LLP (OAM) over £1.8m and ban him from the UK...
FOS shares problems it sees with travel insurance
Link(s):Problems with travel insurance? – Financial Ombudsman service Context FOS has published a blog in relation to the customer problems it encounters in dealing with complaints about travel insurance. FOS provides the following guidance for customers to avoid some...
HM Treasury unveils action plan to cut the cost of regulation for businesses
Link(s):Radical action plan to cut red tape and kickstart growth - GOV.UKA new approach to ensure regulators and regulation support growth - GOV.UKNew approach to ensure regulators and regulation support growth (HTML) - GOV.UK Context The Chancellor of the Exchequer,...
Lloyd’s publishes full 2024 results
Link(s):Lloyd’s reports sustainable, profitable performance in 2024Lloyd’s Full Year results 2024 Context Lloyd’s has announced its full year 2024 financial results, which show a continuation of positive returns, with profit before tax of £9.6bn (2023: £10.7bn),...
Which maintains its pressure on the FCA in relation to insurer premium finance APRs
Link(s):Some car and home insurers still charging exorbitant interest rates to pay monthly, despite repeated warnings, Which? finds - Which? Policy and insightMonthly car and home insurance prices are still packing a premium - Which? News Context Which? has published...
FCA publishes Consumer Support outcome report: good practices and areas for improvement
Link(s):Consumer Support Outcome: good practices and areas for improvement | FCA Context This review report sets out the findings of an FCA review of firms’ approaches to the Consumer Support outcome of the Consumer Duty. The FCA wants firms to provide a level of...
FCA provides updates about enforcement transparency, DE&I and non-financial misconduct
Link(s): Update on the FCA’s enforcement transparency proposals | FCA Our letter to the Treasury Select Committee on the FCA's enforcement work and diversity & inclusion Context The FCA has announced that it has written to the Treasury Select Committee, setting...
FCA publishes statement on its next steps in the motor finance review
Link(s): Statement on motor finance review next steps | FCA Context The FCA has published a statement confirming that, if it is shown that motor finance customers have lost out from widespread failings by authorised firms, it is likely to consult on a formal industry...
FCA publishes new ‘approved persons’ resource in relation to Senior Management Functions and Controlled Functions – including Case Studies
Link(s): Approved persons | FCASenior management functions | FCAPrepare to apply for a senior manager function | FCAApply for a senior management function | FCACase studies: applying for a senior management function | FCAHow we assess senior management function...
FOS publishes its latest Ombudsman News
Link(s):Ombudsman News Context In line with its recent practice of no longer issuing numbered editions of Ombudsman News, the FCA’s latest Ombudsman News e-mail shares the Q3 2024/25 quarterly complaints data, includes commentary on the FOS decision to charge...
ICO and the FCA publish a letter to Trade Association Chairs/CEOs: “Supporting AI, innovation, and growth in financial services”
Link(s):FCA and ICO letter: Supporting AI, innovation and growth in financial services Context John Edwards (the Information Commissioner), and Nikhil Rathi (Chief Executive, FCA) have sent a joint letter to Trade Association Chairs / CEOs in relation to “ Supporting...
Financial Services Consumer Panel (FSCP) publishes a number of Consultation / Call for Evidence / Call for Input responses
Link(s):Publications panels search results | FCA Context The FSCP has published several responses to various Consultations / Calls for Evidence / Calls for Input, a number of which may be of interest to Aviva brokers. Key points to note and next actions Financial...