UK Insurance: FCA (5 December 2016)

OAC Digest
FCA

05 December 2016

Selected recent news from the UK's conduct regulator: 

On 1 December, the FCA published new data on savings interest rates and commented on new disclosure and switching rules coming into effect. The FCA's webpages included the statement that "Industry has agreed that from January 2017 a minimum of 80% of cash ISA transfers will be carried out within seven working days. They have also committed to carry out a study on improving this further." 

David Gray

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David Gray
Consultant Actuary

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