Financial Services Risk and Regulation Unravelled Podcast cover image

Episode 61: Regulatory update – Diversity to de-banking: The FCA's Roadmap for 2024

Financial Services Risk and Regulation Unravelled Podcast

CHAPTER

Regulatory update on the availability of guaranteed asset protection insurance products

The chapter discusses the FCA's request for providers to withdraw guaranteed asset protection insurance due to lack of consumer value, with subsequent agreements from providers. Four insurers were permitted to resume sales, emphasizing the importance of fair value and reduced commission levels for improving customer value.

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