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FCA will act on 'competition mandate' Wheatley warns

Martin Wheatley

The Financial Conduct Authority’s plan to drive effective competition in all financial services markets is the biggest break with the old regime, chief executive Martin Wheatley said today.

Publishing the latest guidance on how the FCA intends to deliver its statutory responsibilities, Wheatley said the regulator will examine if consumers are in a position to drive healthy competitive

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How should success of FCA’s response to Which be judged?

The effectiveness of the Financial Conduct Authority’s regulatory action in response to Which’s super-complaint about home and travel insurance is reflected in smoother claims handling, not in the number of reviews or fines, according to Claire Massey, founder of Claim Guardians.

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