We have today published our Consultation Paper ‘Guidance for firms on the fair treatment of vulnerable consumers’ . We are consulting on new draft guidance for firms that sets out the FCA’s view on what firms should be doing, under our Principles for Businesses, to ensure that vulnerable consumers are consistently treated fairly across financial services sectors.
We will send communication to clients with further details shortly…..
The aggregator is the latest firm to be targeted by fraudsters.
The Financial Conduct Authority (FCA) has issued a warning that price comparison website Moneysupermarket has been cloned.
Fraudsters have been attempting to trick customers by pretending to be the aggregator.
The regulator warned that scammers may use Moneysupermarket’s real details to fool customers, including the aggregator’s FCA firm reference number
To read the full article click here…
To read the article and see the report please click here….
Fraudsters have been trying to trick consumers by using UK General’s name.
The FCA has warned that fraudsters are using the details of UK General Insurance Limited.
An alert from the regulator cautioned that the Leeds-based provider has been cloned. Scammers have been attempting to conduct authorised business under its name.
The FCA warned customers that fraudsters may use the firm’s reference number to appear legitimate to customers.
To read the full article please click here….
You should have all received your invite by now to our July Compliance Update Workshop. This will take place at 8.30am for a 9.00am start and finish at 12.30pm on the 4th July at The Courthouse, Knutsford. If you haven’t already let Claire know you will be attending, please do so via email claire@createsolutions.co.uk
HMRC calls for evidence from the insurance sector, admitting the current IPT model can lead to “unfair tax outcomes in the insurance industry” but current 12% rate will not be examined.
This lecture is designed to highlight the potential for using Linkedin as a B2B tool and will provide insight in how to establish and maintain a professional brand and make the right connections. Additionally it will discuss how to present yourself and how to encourage discussion creating trust and valued relationships.
Wednesday 19th June 2019 12pm – 12pm at Friends Meeting House, Manchester.
For further details or to book your place please click here…..
Matt will be reviewing this and will send a client bulletin out shortly. Click here for full article…
Huge penalty levied by the watchdog after a whistleblower sounded the alarm and the FCA launched an investigation which found firm failed to train staff to give suitable advice.
Published 4th Mrach 2019: PS19/5: Brexit Policy Statement and Transitional Directions.
