Amendments for financial bill proposed by task force labelling the FCA ‘a problem child’

Consumer protection concept

Amendments to further protect consumers in the Financial Services and Markets Bill, due to be passed into law next year, have been proposed by a task force that wants to see regulators held more accountable.

The independent Transparency Task Force met last week to talk through the Financial Services and Markets Bill, where it needs strengthening, and any changes that would help consumers.

That task force

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Crunch time for insurers’ Consumer Duty reports

One year on from the introduction of the Financial Conduct Authority’s Consumer Duty requirements for open products, Emma Ann Hughes investigates whether insurers will get a pat on the back or a clip round the ear from the regulator when they hand in their board reports.

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