The FCA is concerned that premium finance may not be providing fair value.
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The balance of technology and human touch is key for helping vulnerable customers, which represent nearly half of all UK individuals.
The regulator identified serious concerns with the anti-money laundering and sanctions framework in place at Starling.
James will be working closely with the senior team at MorganAsh to support the company’s customer vulnerability proposition.
The new rules would enable the regulator to name firms it is investigating at the outset of the investigation.
The tags enable advisers to identify which products require an affordability calculation.
The LSB will require lenders to carry out annual checks on the status of a personal guarantee.
The regulator says it has taken longer than expected for some firms to make the required changes.