by Joanne Backshall | Apr 16, 2025 | Authorisations, Brokers, Compliance, Consumer Duty, Culture, Digital, Fair value, FCA, FCA Plan, Financial Crime, Governance, Insurers, Lloyd's, Operational Resilience, Operations, Pricing, Product Governance, Senior Managers and Certification Regime, Vulnerable customers
The Financial Conduct Authority (FCA) has unveiled its Annual Work Programme for 2025–26, the new name for what was previously referred to as the ‘Business Plan’. The document sets out the new actions the FCA proposes to take, and the existing work it intends to...
by Joanne Backshall | Apr 16, 2025 | Compliance, Culture, Digital, Insurers, Lloyd's, Operational Resilience, Operations, PRA Plan, Pricing, Prudential Regulation Authority, Senior Managers and Certification Regime, Solvency
The Prudential Regulation Authority (PRA) has published its Business Plan for 2025/26, outlining a strategic agenda that reflects not only evolving financial sector risks but also subtle recalibrations in regulatory posture. While the plan maintains continuity in many...
by Joanne Backshall | Mar 27, 2025 | Authorisations, Brokers, Compliance, Consumer Duty, Culture, Fair value, FCA, FCA Plan, Financial Crime, Governance, Insurers, Lloyd's, Operations, Pricing, Product Governance, Senior Managers and Certification Regime, Vulnerable customers
The Financial Conduct Authority (FCA) launched its 2025-2030 strategy on 25th March, outlining a roadmap to enhance its regulatory effectiveness, ease the regulatory burden on firms and support the growth of the UK financial services sector. With Nikhil Rathi’s first...
by Joanne Backshall | Mar 27, 2025 | Brokers, Compliance, Consumer Duty, FCA, Insurers, Product Governance, Vulnerable customers
In a co-ordinated release with the new 5-year strategy, the FCA has released its Feedback Statement on “Immediate areas for action and further plans for reviewing FCA requirements following introduction of the Consumer Duty” following the Call for Input in July 2024....
by Joanne Backshall | Mar 24, 2025 | Brokers, Compliance, Financial Crime, Insurers, Vulnerable customers
The FCA’s recent multi-firm review on firms’ treatment of vulnerable customers reveals important insights for financial services firms as they continue to ensure they meet the expectations of the original rules as set out in “FG21/1 Guidance for firms on...
by Andrew Roberts | Mar 20, 2025 | Compliance, Financial Crime, Insurers
The regulatory bar is rising. Financial services firms across all sectors are under increasing pressure to demonstrate that their financial crime frameworks are not only fit for purpose but effective, dynamic, and aligned with their business risks. In January 2024,...
