Welcome to our review of 2019 as we look ahead to what is on the horizon for the insurance sector in 2020.
Welcome to our annual insurance review. As we look back on last year’s important legal developments and to the challenges and opportunities that lie ahead, it is once again clear that the market’s resilience and ability to embrace change will remain critical to its success.
In our review, we share updates and insights in relation to the most important issues to help ensure that you are informed and prepared for 2020 and beyond.
If you have any queries or would like more information or support with any of the issues raised in our review, please do not hesitate to contact me or the authors directly; we would be delighted to hear from you.
Partner
jonathan.newbold@brownejacobson.com
+44 (0)115 976 6581
This article is the second in a series to help firms take a practical approach to complying with the ‘cross-cutting rules’ within the new ‘Consumer Duty’ (CD) framework. The article summarises what it seems the Financial Conduct Authority (FCA) is seeking to achieve from the applicable rules (section 2 below) and potential complications arising from legal considerations (section 3).
Claims arising from interest-only mortgages have been farmed in volume. Many such claims to date have sought to drive a narrative that interest-only mortgages are an inherently toxic product and brokers were negligent simply for suggesting them. Taylor is a helpful recalibration, focussing instead on what the monies raised by the mortgage product were being used for and whether the client understood the inherent risks.
This article is the first in a series aimed to help firms get to grips on a practical basis with the ‘cross-cutting rules’ within the new ‘Consumer Duty’ framework.
