FCA responds to Treasury Committee queries on work streams

The FCA has published a copy of a letter it sent to the Treasury Committee in response to additional queries raised by the Committee in relation to various FCA work streams.

The letter addresses Treasury’s questions on:

  • FSCS protection
  • Improving consumer investments outcomes
  • Using FCA’s data strategy to improve detection and intervention
  • Supervising and improving defined benefit transfer advice
  • Professional indemnity insurance
  • Reducing phoenixing
  • Managing firm failure
  • Monitoring firms’ financial resilience
  • Bounce Back Loans Scheme (BBLS) and delays in processing applications
  • Premier FX
  • Impact of the pandemic on pension access decisions
  • Guidance to firms on pension access and advice
  • Implementation of the Financial Guidance and Claims Act’s pension guidance provisions
  • Wake-up packs
  • Supporting consumers accessing their pension
  • Dashboards
  • Protecting consumers from bad Defined Benefit transfer advice
  • Woodford and Authorised Corporate Directors
  • FCA work on loyalty penalties
  • General insurance
  • Mortgages
  • Cash savings
  • Proposed loyalty penalty remedies and compensation

Lucy Hadrill