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FCA consults on remedies for sale of Guaranteed Asset Protection insurance

United Kingdom - December 17 2014 On December 12, the Financial Conduct Authority (FCA) issued a consultation paper on the detail of the proposed add-on Guaranteed Asset Protection…

David Whear, Laura Hodgson.

FCA publishes results of its thematic review into annuity sales and publishes the interim results of its market study into retirement income

United Kingdom - December 17 2014 On December 11, the FCA published the results of a thematic review into annuities sales practices (TR14/20). The FCA found evidence that firms' sales…

David Whear, Laura Hodgson.

FCA consults on measures to improve complaints handling

United Kingdom - December 17 2014 Last month, the FCA published its thematic review into complaint handling involving 15 major retail firms and five trade bodies. The FCA has…

David Whear, Laura Hodgson.

Insurance contract law reform: Law Commission publishes its interpretation of how the proposed duty of fair presentation might apply to multiple parties and publishes a re-drafted clause on terms not relevant to actual loss

United Kingdom - December 10 2014 The Law Commission of England and Wales has published a note which provides an interpretation of how the duty of fair presentation included in the…

David Whear, Laura Hodgson, Nicolò Juvara, Salvatore Iannitti.

EIOPA consumer trends report

European Union - December 10 2014 EIOPA has issued its third consumer trends report providing an overview of the insurance and pensions markets in terms of consumer detriment, mainly…

David Whear, Laura Hodgson, Nicolò Juvara, Salvatore Iannitti.