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FCA confirms measures to help insurance customers…
4th May FCA press release - FCA confirms measures to help insurance customers who may be suffering financial difficulties as a result of coronavirus Read Press Release here full press notice
A comment from a client of How Create Solutions are helping them during these challenging times
A comment from a client of How Create Solutions are helping them during these challenging times
By Karen Cartridge | Published: May 7, 2020 I would just like to share our thanks to you all at Create (As always!) for all of your help...FCA Press Release…
FCA seeks legal clarity on business interruption insurance alongside package of measures to help consumers and small businesses https://www.fca.org.uk/news/press-releases/fca-seeks-legal-clarity-business-interruption-insurance
FCA have introduced changes for firms regulatory reporting
FCA have introduced changes for firms regulatory reporting
Click the link below for further details: https://www.fca.org.uk/firms/regulatory-reporting/changes-regulatory-reporting-during-coronavirusFCA publishes its 2020/21 Business Plan
Our Business Plan sets out our main areas of focus for 2020/21. It outlines our priorities and describes our response to the problems we have identified. Coronavirus (Covid-19) is profoundly affecting the financial lives of consumers and the workings of markets. Organisations, including us, are facing a huge challenge as we...
FCA’s approach to ensuring firms treat customers’ fairly
Speech by Nisha Arora, Director, Consumer and Retail Policy at the FCA, delivered at the TISA Vulnerability Conference. Read full article here….
Culture & Governance
Improving culture in financial services is a continuing priority for the FCA. FCA updated article, read here….
Sophos sale hampered by FCA Change in Control blunder
Today was meant to be Brit security biz Sophos’s last day on the London Stock Exchange following its £3bn purchase by a US venture capital company. But there’s been a bump in the road, a stick in the wheel, because Sophos was a member of the UK government’s “cycle...
FSCS hikes broker levy up by £11m for 20/21
The Financial Services Compensation Scheme (FSCS) has announced a levy increase of £11m for brokers in its Plan and Budget for 2020/21. According to the FSCS’s forecast, the general insurance distribution class is expected to pay a levy of £23m for the financial year, up from £12m in 2019/20. To read the...
FCA head Andrew Bailey named as Bank of England governor
Andrew Bailey has been announced as the new governor of the Bank of England by Chancellor Sajid Javid. Bailey has been appointed for an eight-year term and will receive a yearly salary of £495,000. He will succeed current governor Mark Carney on 16 March 2020. Bailey has served as chief executive...
FCA release Consultation Paper
We have today published our Consultation Paper ‘Guidance for firms on the fair treatment of vulnerable consumers’ . We are consulting on new draft guidance for firms that sets out the FCA’s view on what firms should be doing, under our Principles for Businesses, to ensure that vulnerable...
