Podcast Location:
Download it here [file size: 39.2 MB]
Categories:
Insurance Law
CPD Points:
Up to 1 point. details »

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Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This CPDcast offers a detailed and expert review of the FCA Business plan for 2014/ 2015 and what this means for the general insurance market. It highlights the key difference between the FCA and Office of Fair Trading’s (OFT) approaches to the regulation of the insurance market and the cultural shift in governance of consumer contracts.

Outcomes:
After completing the course you will:
  • Understand why the FCA’s business plan is of such significance to the general insurance market broadly;
  • Be aware of the main areas of reform proposed in the FCA business plan;
  • Have specifically considered the reforms proposed by the FCA which relate to payment protection insurance;
  • Understand the difference between the OFT regulations based on fairness and transparency and the FCA proposed regulatory reform;
  • Know the changes planned by the FCA for consumers and Small to Medium Enterprise customers buying products via wholesale firms.
Level:
General Interest Difficulty: 2 of 5
Classification:
Market Update / Hot Topic
Sources and References:
  • Consumer Insurance (Disclosure and Representations) Act 2012;
  • Financial Conduct Authority – Business Plan 2014/15 ;
  • Insurance: Conduct of Business Sourcebook (ICOBS) ;
  • Unfair contract Terms Act 1977;
  • Unfair Terms in Consumer Contract Regulations 1999.
Tags:

In this CPDcast Charley Taggart from RPC discusses the Financial Conduct Authority’s (FCA) Business Plan for 2014/ 2015 and what this means for the general insurance market.

Date Recorded: 18th June 2014

NEW! TRANSCRIPT INCLUDED IN ADDITIONAL INFORMATION

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