by Andrew Carrick | Oct 5, 2022 | Compliance, FCA, ICSR News, Product Governance
The recent report by the FCA on Multi-Occupancy Buildings will prompt much thought and activity. Kenneth Underhill has looked at the general issues in his article “FCA Update – Multi-Occupancy Buildings Insurance”. One specific consideration that brokers in particular...
by Kenneth Underhill | Sep 28, 2022 | Compliance, Consumer Duty, FCA, ICSR News, Product Governance
A Warning Shot Across The Bows, Or The Opening Salvo From The Regulator? The FCA has updated insurance firms on its plans for addressing the issues that it has been investigating around the placement of insurance for multi-occupancy buildings following an intervention...
by Kenneth Underhill | Sep 14, 2022 | Compliance, FCA, ICSR News, Product Governance, Webinars
Kenneth Underhill hosted a webinar in conjunction with the Managing General Agents Association on 22nd September, looking at the implications of the FCA’s latest guidance to distributors of products. A recording of this webinar is now available to watch using...
by Palak Bedi | Aug 12, 2022 | Compliance, FCA, Product Governance
In May 2021, the Financial Conduct Authority (FCA) released the final rules on insurance pricing and enhanced product governance (updated in Policy Statement 21-11), which came into force in October 2021. These rules aim to improve competition and ensure that firms...
by Kenneth Underhill | Aug 7, 2022 | Compliance, Consumer Duty, FCA, Product Governance
Last week, the FCA published its ‘final’ rules on the way principal firms oversee the activities of Appointed Representatives (ARs) and Introducer Appointed Representatives (IARs). These rules reflect the perimeter of the FCA’s current legislative remit, whilst also...
by Kenneth Underhill | Jul 29, 2022 | Compliance, Consumer Duty, FCA, Product Governance
The new Consumer Duty rules set a high bar for firms in the way they manufacture, sell and service insurance products to retail consumers. The FCA are seeking to create a baseline standard that will ensure innovation and competition exists in the interests of the...