Category: Financial Promotions

FCA tries to encourage consumers to shop around before renewing a general insurance policy

The FCA has made a rule that it hopes will encourage consumers to shop around before deciding whether to renew a general insurance policy with their existing provider.

The UK’s National Private Placement Regime for non-EU PE / VC Fund Managers – “financial promotions”

If you’re planning to raise a non-EU PE / VC fund, and some of your investors will be in the UK when you talk or write to them, the UK’s financial promotions rules will apply. Get this wrong, and you’ll commit an offence. Get prosecuted, and you might be fined and jailed. […]

FCA rules to encourage consumers to shop around – law of unintended consequences applies

The UK’s Financial Conduct Authority (FCA) is planning to make new rules and guidance that will require general insurers to include last year’s premium on their consumer renewal notices, in the hope that this will encourage consumers to shop around, instead of renewing automatically with their current provider. General insurers will also be required to do more, if a consumer has already renewed […]

FCA Publishes Final Guidance on Social Media Financial Promotions (“We remind firms that…”)

The FCA published its final guidance on “Social media and customer communications: The FCA’s supervisory approach to financial promotions in social media” on Friday 13 March 2015. It’s 14 sides long, and includes 11 reminders for firms. It also includes an effective admission that, when the FCA issued its draft social media […]

Should we expect the FCA to carry out a thematic review of internet sales of insurance & pension products?

EIOPA has recently published a brief formal “Opinion on sales via the internet of insurance and pension products“. Long story short: EIOPA has carried out a fact-finding exercise into the way that insurance and pension products are sold via the internet,and other “digital and remote channels“. In the course of […]

FCA update on crowdfunding, financial promotions and mini-bonds

On 3 February 2015, the Financial Conduct Authority published “A review of the regulatory regime for crowd funding and the promotion of non-readily realisable securities by other media“. The review is brief, but the FCA’s house-style means it’s not as brief as it could be. It makes an interesting read […]

Peer-to-Peer Lending, social media and financial promotions – pending developments

Some of today’s newspapers carried reports that the UK’s Financial Conduct Authority (FCA) is about to crack down on the way some peer-to-peer lending platforms advertise their services, and the lending opportunities they offer. It’s been suggested that some advertisements may have exaggerated the benefits of peer-to-peer lending, and the security of […]