- What does the FCA’s new business plan mean for the insurance industry?
- What are the key practical implications of the new FCA mission statement and business plan for the insurance industry?
- What are the key changes being proposed?
- Market study on wholesale insurance market
- Value in the distribution chain
- Firms’ pricing practices
- Firm culture and governance
- Financial crime and anti-money laundering (AML)
- Promoting competition and innovation
- Technological change and resilience
- Consumer vulnerability and access to financial services
- Would the introduction of these proposals be a desirable development? What are the problems with existing law or practice?
- Are the measures practical and capable of being effectively implemented and enforced?
- What should practitioners be mindful of when advising clients in this area? Any best practice tips?
Insurance analysis: The Financial Conduct Authority (FCA) has published its annual business plan, outlining the areas of work it is prioritising for 2017. Philippa Laughton, senior associate and Hugo Laing, partner, both at Eversheds Sutherland, consider what may be changed and what the main implications are for the insurance industry.
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