On 10 July 2026, the Financial Conduct Authority (FCA) published findings of its review into firms’ approaches to products and services.
Background
The FCA explains that the Consumer Duty (the Duty) sets a higher standard for retail consumer protection and that, to support firms in meeting the requirements of the Duty, the FCA are
On 2 July 2026, the Financial Conduct Authority (FCA) published a consultation paper setting out proposals for how it intends to simply consumer investment disclosures.
Background
In December 2025, the FCA published a policy statement (PS25/20) setting out final rules for a new disclosure regime for packaged retail investment products now
On 29 June 2026, the Financial Conduct Authority (FCA) published a consultation paper (CP26/23) setting out proposals to make changes to the scope and proportionality of the Consumer Duty (the Duty).
Background
In the FCA’s response to the Chancellor following the 2025 Mansion House speech, it committed to address concerns about
On 17 June 2026, the Australian Securities and Investments Commission (ASIC) announced that it is collecting and publishing website addresses of Australian Financial Services (AFS) licensees on its Professional Registers Search (PRS), with more than 6,500 AFS licensees invited to provide their website details since launching in early
On 23 June 2026, HM Treasury (HMT) published a consultation in relation to the proposed First Time Buyer Individual Savings Account (FTB ISA).
Background
HMT has confirmed that it will be withdrawing the Lifetime ISA (LISA) on the basis that it considers there is evidence to suggest that this
On 20 May 2026, Meg Hillier, Chair of the Treasury Committee, published a letter to Nikhil Rathi, Chief Executive of the FCA, regarding the Motor Finance Compensation Scheme. The letter poses a series of questions about the Scheme and requests that the FCA provide answers by midday 4 June 2026.
The Senate has adopted the amendment to the bonus cap on 19 May 2026. This update outlines the key changes introduced by the amendment, including its impact on identified staff and the broader remuneration framework within the financial sector.
We also highlight practical steps that financial institutions may wish to consider in light of these
On 18 May 2026, HM Treasury (HMT) published a policy statement on reform of the Consumer Credit Act 1974 (CCA).
Background
In May 2025, HMT published its Phase 1 consultation on CCA reform which set out its approach to the overall reform of the CCA and detailed proposals in relation to
On 8 May 2026, the Financial Conduct Authority (FCA) published a new webpage setting out further advice for firms and consumers in light of the legal challenges to its motor finance compensation scheme.
Among other things the FCA states that firms should continue to prepare for the scheme until the regulator
On 6 May 2026, the Financial Conduct Authority (FCA) issued a statement launching a review of the claims management market, following concerns that consumers are being failed by some claims management companies (CMCs) and law firms.
The review will look at the root causes of poor practices across the market, including