FCA: CP26/20: Adapting our rules for a changing market: self-invested personal pensions
FCA is proposing rules with regard to due diligence requirements to reduce the risk of scams and fraud as well as a new Pension Scheme Money and Assets (PSM&A) regime which is intended to ensure firms protect and accurately record pension scheme money and assets where they use unauthorised trustees. Responses are required by 24 August 2026.
Last updated · 22 Jun 2026
Regulatory News - Financial Services & Regulation
See all Regulatory News - Financial Services & RegulationBoE: Letter from Andrew Bailey
BoE has published Andrew Bailey’s response to an article in the Daily Mail. He discusses frontier AI and cyber attacks.
CMA: Unfair contract terms
CMA has published revised guidance on the unfair contract terms provisions in the Consumer Rights Act 2015, along with a technical note and examples from historic OFT unfair contract terms enforcement.
For more information
- https://assets.publishing.service.gov.uk/media/6a609329b00f3323bf1a23f3/unfair_contract_terms_guidance.pdf
- https://assets.publishing.service.gov.uk/media/6a5f3ef04005e8e44c980bfb/Technical_note.pdf
- https://www.gov.uk/government/publications/unfair-contract-terms-cma37/examples-from-historic-oft-unfair-contract-terms-enforcement
FCA: General insurance: vertically integrated business models – managing conflicts of interest
FCA has published a webpage providing information on how GI firms should manage potential conflicts of interest coming from vertically integrated business models. This is accompanied by a blog by Chris Knight, FCA’s new insurance director, in which he notes that the regulator is monitoring developments in this area and firms may receive ad hoc data requests. Firms should be able to demonstrate how their arrangements deliver good outcomes for customers. Where business models are overly complex or difficult to supervise, FCA expects firms to think seriously about simplifying them.
TSC: Work of FCA
TSC has published the transcript of its hearing held on 15 July 2026 attended by Nikhil Rathi, Ashley Alder and Sarah Pritchard. Topics include: the motor finance compensation scheme; the claims management sector; open banking/payments; FOS; consumer credit; AI; the advice-guidance boundary; the insurance sector.
For more information
FOS: Complaints data
FOS has published Q1 2026/27 complaints data , noting that current accounts were the most complained about product. Travel insurance complaints rose by 30% year-on-year, following disruption linked to conflict in the Middle East, with motor finance complaints also rising over concerns about claim values, policy cancellations and claim delays.