Financial Services Financial Services

UK insurers may not be ready for new rules to ensure fair pricing, FCA warns

By Fiona Maxwell
  • 25 Aug 2021 07:17
  • 25 Aug 2021 07:17
Insurers are lagging behind in their implementation of upcoming UK standards designed to ensure customers receive fair-value products and could face enforcement action, the Financial Conduct Authority said today.
The regulator warned that many insurers are unlikely to be prepared for the introduction of new rules on Oct. 1 (see here),

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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