FCA to analyse lenders’ fair value assessments

The FCA has announced it will analyse the fair value assessments provided to it by 9 banks and building societies. This follows the introduction of the Consumer Duty and the 14-point action plan published by FCA in July to ensure people can access a competitive savings market.

FCA will publish an update on its review later in the autumn, including any steps it might take in relation to any areas of concern identified.

Lucy Hadrill