What is the focus of the FCA's new 5 year strategy?/The launch of the FCA's protection market study
Description
In the latest episode of the Fairer Finance podcast, we start with a look at the FCA's new five year strategy - as well as a dive into its latest plans to strip back the rulebook. The strategy talks about rebalancing risk - but how much risk will be socially and politically acceptable for consumers?
In its latest consumer duty paper, the FCA talks about a number of new ideas - from scrapping savings summary boxes to reviewing fund manager assessments of value. We'll be taking a look at what these measures might mean and when they might come into effect.
In the second half of the show, we take a look at the FCA's protection market study - which has now been formally launched. The rights and wrongs of commission look set to be a key theme - but where else has the FCA indicated it may focus its attention.
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