FCA is banging its head against a wall on fair value
News Editor’s View: Following yet another thematic review where the Financial Conduct Authority says firms are unable to show fair value, and are even breaching rules, Scott McGee considers how the regulator could tackle poor conduct and asks if a commission cap could be on the cards?
More than three years ago, on 25 August 2021, the FCA raised concerns that some insurers and intermediaries were showing slow progress in making sure products meet customer needs.
At the time, Sheldon
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