FCA quarterly consultation includes PEMC limit increase

The FCA’s latest quarterly consultation includes proposals to:

• clarify some consumer credit product PSD reporting;
• increase the current £100 medical condition premium trigger that means firms must signpost customers with PEMCs to specialist providers and to limit the entries in a medical cover directory to one brand per firm; and
• close a gap that currently means debt management firms can avoid submitting a CASS return.

Consultation closes on various dates in January 2025.