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Providers should review 'closed book' products at least once every five years, in order to ensure that customers holding products that are closed to new business are still being treated fairly, according to the Financial Conduct Authority (FCA). 14 Dec 2016
The UK government has cancelled its plan to allow consumers to sell on the income they were due to receive under an annuity in exchange for a cash payment, citing consumer protection issues. 19 Oct 2016
The EU's Solvency II Directive came into force on 1 January 2016. The directive consolidates and harmonises existing EU insurance directives including life and non-life directives, the reinsurance directive and various others.
On 28 March 2014, the Financial Conduct Authority (FCA) published a policy statement “PS14/5: Mutuality and with-profits funds: a way forward”.
This guide is based on the law of England and Wales. It was last updated in January 2013.
This guide is subject to UK law and was last updated in March 2012.
This guide is subject to UK law and was last updated in October 2011 . A recent report on the funding of social care recommends individuals should be required to contribute no more than £35,000 towards the costs of their own care in old age.
This guide is subject to UK law and was last updated on 26th January 2011. The Government wants to encourage the development of a range of simple financial products for the mass market that "do wha...
France's financial regulators have said they will simplify their licensing procedures and accept English language applications as they try to attract UK firms to France. 30 Sep 2016
Almost five and a half thousand UK financial firms currently rely on at least one regulatory 'passport', allowing them to market and sell their products throughout the European Economic Area (EEA), according to new figures from the Financial Conduct Authority... 23 Sep 2016
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