Key considerations in implementing a possible motor finance consumer redress scheme. FCA state; We're setting out some of the things we need to consider if we were to introduce a redress scheme as part of our review into motor finance commission arrangements.
The FCA - Have today opened a consultation CP25/13 into improving the complaints reporting process and. Click link for further details...CP25/13: Improving the complaints reporting process | FCA
Create Solutions is proud to partner with Actus and collaborate our expertise and shared values to bring a new tool to the market called Actus Oversight. We have been instrumental in helping Actus understand the Insurance industry, particularly in relation to the Consumer Duty which has resulted in the introduction of this NEW powerful...
The Financial Conduct Authority (FCA) has launched a 5-year strategy to transform the UK's financial landscape. The strategy focuses on becoming a smarter regulator, supporting economic growth, helping consumers navigate their financial lives, and fighting financial crime. Key leaders emphasize the importance of trust and efficiency in regulation, aiming to create...
The FCA has initiated a market study to evaluate the effectiveness of distributing pure protection insurance products, which provide financial support to families facing critical illness or death. The study will examine whether: the structure of commission encourages advisers to suggest switching that may not be beneficial for consumers premiums are...
We are delighted to announce that we are Associate members of BIBA and look forward to meeting our clients and other firms at the BIBA conference this year and future events. Let us know if you are going to BIBA... We can catch up and grab a coffee. We will be...
In March 2025, The FCA published findings from our review of firms’ treatment of customers in vulnerable circumstances, as well as good practice and areas for improvement to support firms in delivering good outcomes for customers. The vulnerability review highlights the following key points: The review shows that some financial services...
We are excited to work in conjunction with Eleven Network to bring you a series of events which are relevant to the General Insurance market. The Consumer Duty Unplugged series will focus on hot regulatory topics to support you in delivering good outcomes to your customers, as aimed below. O: OVERVIEW. What...
Exciting news! Starting in 2025, you can now book training sessions online, making it easier and more convenient to schedule and manage your learning experiences. This new system is designed to streamline the booking process, allowing you to select your preferred dates, times, and trainers with just a few clicks. This...
The Consumer Duty is one of the most significant changes to our regulatory approach in recent years. It has been in force for open products and services since 31 July 2023, and for closed products and services since 31 July 2024. The FCA outline the priorities under...
