Day: December 30, 2021
Dec
30
New year delivers fairer home and motor insurance renewals
From 1 January insurers will be banned from quoting customers a higher price for renewing their home or motor insurance than they would pay if they were a new customer. The new rules brought in by the FCA are expected to save consumers £4.2bn over the next 10 years. The FCA’s reforms follow a review […]
Dec
30
Update for firms on PRIIPs RTS Article 18 and related rules
As part of the Financial Services Act 2021, Parliament legislated to extend the Undertakings for the Collective Investment in Transferable Securities (UCITS) exemption in The Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation (as enacted in retained EU law) by 5 years – from 31 December 2021 to 31 December 2026. This extension means that […]