A Feedback Statement examining the duty of care for the Financial Conduct Authority (FCA) has learned that the majority of respondents to a discussion paper published in July last year think that levels of harm to consumers are high and there needs to be change to better protect them.
As a result of the feedback the FCA received and its early analysis, it has identified options for change that are most likely to address potential deficiencies in consumer protection.
These are:reviewing how
The Insurance Age team examine the most read stories for the week commencing 3 June 2019.Subscribe to our daily newsletter for all the latest news
- GRP-owned Sagars buys Thomas Cook
- Three directors out as Policy Expert buys loss-making Sure Thing!
- Hiscox creates Cyber Exposure Calculator
- PIB's £50m spending on brokers in 2018 revealed
- Insurers could face fines for £4bn dual pricing "rip off"
- Markel launches tech sector proposition
- Zurich-owned N&G launches new small craft product