News - Financial Conduct Authority

FCA statement on Consultation Paper 12/20: Review of the client money rules for insurance intermediaries

Published: 16/08/2016     Last Modified: 16/08/2016
The Financial Conduct Authority (FCA) has today written to firms providing an update on Consultation Paper 12/20: Review of the client money rules for insurance intermediaries, where it had proposed some changes to the rules and guidance in Chapter 5 of our Client Assets Sourcebook (CASS).

FCA statement on redress methodology for pension transfers

Published: 03/08/2016     Last Modified: 03/08/2016

The Financial Conduct Authority (FCA) has today announced that it intends to consult in autumn 2016 to update the methodology used to calculate the levels of redress due in cases of unsuitable advice on transfers from defined benefit (DB) occupational pension schemes to personal pensions.

Occasional Paper No. 20: Can we predict which consumer credit users will suffer financial distress?

Published: 03/08/2016     Last Modified: 03/08/2016

People suffer financial distress when they face financial and non-financial difficulties from repaying their outstanding debts. This paper analyses the prevalence of financial distress, how this distress is related to consumer credit use, and whether financial distress can be predicted. We aim to inform discussion about how consumer credit lenders should evaluate whether lending to an individual is likely to lead to financial distress (i.e. is “unaffordable”).



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