The FCa has now confirmed its expectations for insurers and insurance intermediaries to consider the value of their products in light of the exceptional circumstances arising from coronavirus (Covid-19). The guidance came into force on 3 June 2020 and the measures will be reviewed in the next 6 months in the light of developments regarding coronavirus and may be revised if appropriate.
The FCA’s press release, which includes a link to the final guidance, can be found by following the link below.
https://www.fca.org.uk/news/press-releases/fca-confirms-guidance-insurance-firms-assessing-product-value
