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Five key takeaways from the FCA's business plan

FCA

The Financial Conduct Authority's Business Plan for 2023 to 2024 detailed plans for the regulator to check the finances of brokers as well as MGAs in the year ahead.

The 17-page business plan detailed how the FCA is planning to make sure general insurers meet the Consumer Duty’s requirements, check brokers and MGAs have enough cash in the bank plus ensure the

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FCA looking to address issues on claims definitions

Andrew Ruddle, the Financial Conduct Authority’s interim head of the department for insurance market analysis and policy, has said the regulator is looking at addressing issues about different claims definitions within insurance.

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