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General Insurance pricing practices market study
We have published the final findings of our general insurance pricing practices market study. As part of this, we set out a package of remedies to address the concerns identified. -
PS19/8: Increasing the award limit for the Financial Ombudsman Service
Following our Consultation Paper CP18/31, we are increasing the Financial Ombudsman Service’s award limit. The award limit sets the maximum amount of compensation the ombudsman service can require financial services firms to pay when it upholds a -
Dear CEO letter on insuring SMEs: business interruption [pdf]
Over the past few weeks we have seen significant efforts being made by the insurance sector to deal with the impact of the coronavirus pandemic (Covid-19). -
FCA reveals findings from first cryptoassets consumer research
The Financial Conduct Authority (FCA) has today published two pieces of research looking at UK consumer attitudes to cryptoassets, such as Bitcoin or Ether. The research includes qualitative interviews with UK consumers and a national survey. -
FCA statement on supervisory work on the fair treatment of long standing customers in life insurance
FCA statement on supervisory work on the fair treatment of long standing customers in life insurance. ... insurance. The FCA put out a statement of clarification this afternoon. The Board will conduct an investigation into the FCA’s handling of the -
Christopher Woolard to chair review of unsecured credit market regulation
The FCA has announced that Chris Woolard will chair a review of the future regulation of the unsecured credit market, reporting to the FCA Board. -
TR14/12 - Enhanced transfer value pension transfers
It is not general guidance on the operation of our rules. -
FS20/5: Coronavirus and customers in temporary financial difficulty: guidance for insurance and premium finance firms
We summarise responses to our proposals for insurance and premium finance firms on the fair treatment of customers in temporary financial difficulty. -
FCA to ban promotion of speculative mini-bonds to retail consumers
The FCA has announced it will ban the mass marketing of speculative mini-bonds to retail customers. -
Changes to audit requirements for registered societies
From 6 April 2018 new legislation amended parts of the Co-operative and Community Benefit Societies Act 2014. The changes amend the levels at which a society must appoint a qualified auditor to audit their accounts. -
Guess who’s back? Animatronic Arnie returns to raise awareness of PPI deadline
The animatronic head of Arnold Schwarzenegger is back today to remind people to check whether they had payment protection insurance (PPI) and make a decision about whether to make a complaint before the deadline on 29 August 2019.