GI & Protection accounted for 4% of FCA financial promotions cases in Q4

Warning sign

The Financial Conduct Authority intervened to get 10,008 financial adverts and other promotions withdrawn or changed in 2023, a year-on-year rise of 17%.

There were 1,004 amendments or withdrawals by authorised firms in the final quarter of the year, of which general insurance and protection accounted for only 4%.

The retail investments and retail lending sectors had the highest amend/withdraw outcomes, totalling 95% of the watchdog’s Q4 interventions with authorised firms. The remaining 1% was in retail banking.

RelatedFCA warns of Axa clone 

The Financial Conduct Authority has warned of a clone claiming to be Axa Insurance UK and Axa Investment

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Government starts discount rate review

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