Selected recent news from the UK's conduct regulator:
On 14 October, the FCA announced the outcome of their thematic review reporting that they "found no evidence of an industry-wide or systemic failure to provide customers with sufficient information about enhanced annuities through non-advised sales." However, further action is being taken in respect of a "small number of firms" where the regulator identified failings "of sufficient concern".
On 11 October, the FCA published both Feedback Statement FS16/10 and Policy Statement PS16/23 in relation to their Smarter Consumer Communications initiative. The regulator is removing the requirement for firms to produce the CFPPFM with effect from 22 November 2016.
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