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