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Showing 391 to 400 of 13185 search results for new Consumer Duty.

391. FCA fines Standard Chartered Bank £102.2 million for poor AML controls

     Press Releases Published: 09/04/2019 Last modified: 09/04/2019
     The Financial Conduct Authority (FCA) has fined Standard Chartered Bank (Standard Chartered) £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk areas of its business. This is the second largest financial penalty for AML

392. FCA bans and fines two for failing to monitor promotion of Unregulated Collective Investment Schemes

     Press Releases Published: 16/08/2013 Last modified: 17/09/2013
     The lax attitude of Leslie and Bennett to their duties was particularly unacceptable when you consider that their firms were involved in promoting the UCIS to thousands of mainstream retail consumers. ... To support this it has three operational

393. A helping hand for the invisible hand: the FCA’s approach to competition and innovation

     Speeches Published: 11/06/2018 Last modified: 11/06/2018
     Speech by Christopher Woolard, Executive Director of Strategy and Competition at the FCA, delivered at Competition Policy 2018: The relationship between antitrust, innovation and investment, Chatham House, London.

394. GC16/1: Proposed guidance on voluntary redress schemes under the Competition Act 1998

     Guidance consultations Published: 19/01/2016 Last modified: 19/01/2016
     Under changes made by the Consumer Rights Act 2015, we have new powers under the Competition Act 1998 (CA98) allowing us to approve a redress scheme in relation to an infringement ... Therefore, consumers, and organisations that advocate consumer

395. FCA finds fund managers’ value assessments significantly improved, but still work to do

     Press Releases Published: 10/08/2023 Last modified: 10/08/2023
     Following a review of fund managers’ value assessments, we found that while many firms have better practices in place, some still require improvement.

396. Cost of Living: good and poor practice in the general insurance market

     Good and poor practice Published: 03/07/2023 Last modified: 03/07/2023
     We have reviewed how home and motor insurers are supporting customers in financial difficulty and handling claims. We found examples of good practice, but also areas where firms need to improve.

397. Review of later-life mortgages finds poor advice and misleading promotions

     Press Releases Published: 14/09/2023 Last modified: 14/09/2023
     The review looked at firms responsible for around half of all lifetime mortgage sales.

398. GAP insurers agree to suspend sales following FCA concerns over fair value

     Press Releases Published: 09/02/2024 Last modified: 09/02/2024
     The FCA has today announced that multiple insurance firms have agreed to pause sales of Guaranteed Asset Protection (GAP) insurance, following a request from the FCA.

399. CP17/41: Individual accountability: Transitioning insurers and individuals to the Senior Managers & Certification Regime

     Consultation papers Published: 13/12/2017 Last modified: 22/02/2018
     This consultation paper sets out how we propose to move firms and their senior staff overto the new regime. ... Consumers may be interested how individual accountability is being enhanced within financial services.

400. FCA Statement on fair treatment of long-standing customers in the life insurance sector

     Statements Published: 03/03/2016 Last modified: 03/03/2016
     Included in the eleven firms were firms closed to new business, consolidators and firms that are still writing new business but also had closed-books within their business. ... This work will be in addition to the new duty to make rules, proposed by HM