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 | 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 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,...
by Kenneth Underhill | Apr 25, 2023 | Consumer Duty, Culture, Environmental Social and Governance, FCA, Financial Crime, Operational Resilience, Product Governance, Senior Managers and Certification Regime, Vulnerable customers
The FCA Business Plan sets the regulatory agenda for regulated insurance firms in the coming 12 months. Released on 5th April 2023, the current plan has a strong focus on the way the FCA uses the Threshold Conditions to instil confidence in consumers. For 2023/4 there...
by Nicky Hasler | Dec 14, 2021 | FCA, Financial Crime, Risk
As we approach the end of a turbulent 2021, Insurers, brokers and MGAs are facing ‘work from home’ guidance again. The past 20 months have provided firms with unprecedented challenges and it can be all to easy to overlook day-to-day regulatory requirements when so...
