FCA consults on Guidance for the Insurance sector In brief The FCA has proposed non-handbook guidance for insurance product manufacturers and distributors – see GC19/2. Insurance intermediaries, as product distributors, should consider the impact that their distribution strategy has on the overall value of the product to the customer. What does this mean? Product value in general insurance (GI) is an increasing […]
The FCA published a Q&A on General Insurance Pricing Practices. The following Q&As were discussed: the scope of the proposed pricing and product governance rules, renewal pricing, discounts and incentives, fair value and reporting > https://www.fca.org.uk/publication/corporate/gi-pricing-q-and-a.pdf
Click to read the salient points > http://bit.ly/2LV3OVh of the FCA's paper on the expectations for firms on recording telephone conversations and electronic communications, when alternative working arrangements are in place.