WebMar 16, 2024 · The Guidance aims to help firms ensure that they are treating vulnerable customers fairly, and includes examples of how to put this Guidance into practice. Please find a short summary of the Guidance below: FG21/1: Guidance for firms on the fair treatment of vulnerable customers (fca.org.uk) February 24, 2024. WebJul 28, 2024 · As anticipated the FCA has issued a press release and published its Policy Statement 22/9 A New Consumer Duty and FG 22/5. Key points to note. The Consumer Duty sets higher and more defined standards of consumer protection across financial services sectors and requires firms to put their customers’ needs first.
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WebMar 29, 2024 · The assumptions used to calculate redress for unsuitable defined benefit transfers are set out in the FCA guidance document FG17/9. FG17/9 was issued in October 2024 following a consultation period earlier in 2024. On 3 March 2024, the FCA announced that it would be updating FG17/9 in mid-March, without a consultation period. WebDec 14, 2024 · On 14 December 2024, the FCA published Feedback Statement 22/5: Compensation framework review: response to feedback and next steps (FS22/5).. FS22/5 follows FCA Discussion Paper 21/5 which was published last December seeking views from stakeholders as part of a review of the compensation framework within which the … free goals template
FG17/5: The treatment of politically exposed persons for anti …
WebJul 10, 2024 · The FCA has published Finalised Guidance 17/5: the treatment of politically exposed persons for anti-money laundering purposes (FG17/5).The guidance in FG17/5 is aimed at any institution that has its anti-money laundering (AML) systems and controls overseen by the FCA.The purpose of FG17/5 is to provide guidance to financial services … WebFCA and PRA The two insurance regulators in the UK (the Financial Conduct Authority and the Prudential Regulation Authority). Both are consulted prior to the Transfer going … WebAug 25, 2024 · The FCA have issued a follow up consultation paper, CP21/20, focusing on proposals around resolution arrangements firms should have in place to mitigate consumer harm in the event of firms’ failure, and to introduce protection under the Financial Services Compensation Scheme for consumers. ... 22 Mar, 2024 ESG Investing, Here to Stay. By … blue and green ombre hair