FCA urges UK insurers to improve fair value and outcomes, threatens regulatory action.
The UK's Financial Conduct Authority (FCA) is calling on insurers to demonstrate they provide fair value and good customer outcomes. In a recent report, the FCA highlighted issues with information sharing and identifying target markets, and stated that while some progress has been made, more improvements are needed for consistent good outcomes for customers. The FCA warned that if insurers cannot meet their rules and provide fair value, regulatory action will be taken.
August 21, 2024
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