WebMay 7, 2024 · The FCA’s thematic review of with-profits business has found “signs” that a small number of firms are in breach of its rules. Despite this, the FCA is not taking enforcement action against any of those firms. This is presumably because it has determined that, “in most cases” at least, there is no evidence of customer harm. ... WebJan 19, 2024 · We are undertaking a thematic review assessing the advice consumers are receiving on meeting their income needs in retirement. This review is a piece of discovery work to explore how financial adviser firms …
News I Financial Reporting Council
WebApr 25, 2024 · The FCA’s latest thematic review into the fair treatment of with-profits customers found the majority of firms were handling customer risk well although some … WebFCA Thematic. Areas of focus. Panel and questions. Market context 22 November 2024. Key Market Stats Total 2024 (SFCR 1) Total 2024 (TR19/3 2) WP BEL* £258bn; ... Review of the fair treatment of with- profits. customers. 22 November 2024. FCA Thematic - Timeline. Summer 2024. Questionnaire completed by 37 firms. March – June 2024: t5 slip deadline
Dear CEO Letter: Fair Treatment of With-Profits Customers
WebFinancial Conduct Authority October 2016 1 Review of annuity sales practices TR16/7 Contents Abbreviations used in this paper 3 1 Executive summary 5 2 Background, scope and approach 11 3 Results 14 Annexes 1 Method of assessment 22 2 Glossary 26 3 The Association of British Insurers Code 28 4 Conduct of Business Sourcebook rules in 29 … Feedback has been provided to all firms that participated in the review. We have requested firms to take action where we have identified poor … See more Our findings are likely to be of interest to all firms that are managing with-profits business, whether or not funds are still open to new business. Consumer groups, charities, trade … See more At the end of 2024 there were 98 with-profits funds across 37 firms. After reviewing information from most of the firms we conducted a detailed assessment of with-profits funds within 8 firms in the areas highlighted … See more WebWith many with-profits funds closed to new business and/or declining in size, run-off plans are commonplace. The increase in market activity around closing and restructuring funds, and the key finding from last year’s FCA … t5 seikel kaufen