FCA outlines priorities and budget increase in 2024/25 Business Plan

The FCA is to carry out reviews over the next year into a range of areas to ascertain the way firms assess "overall product value"; the transparency of charges across value chains in unit-linked pensions and investments; the insurance industry's speed of response to claims; along with the treatment of vulnerable customers.

By Neasa MacErlean

These are among moves laid out in the regulator'sBusiness Plan 2024/25, which also shows a likely 10.7 per cent increase in its annual funding requirement.