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  • abstract water drops

    On 17 June, the FCA published finalised guidance setting out the regulators’ expectations for insurers and insurance intermediaries when handling claims and complaints for business interruption (“BI”) policies during the test case. The guidance comes into immediate effect. The finalised guidance largely mirrors the draft version, which is discussed in ...

  • lady justice sunset

    On 10 June the FCA updated the information on its webpage on the High Court test case in relation to business interruption (“BI”) insurance. Please refer to our previous article for background information. Key developments The FCA confirmed that proceedings have been started in the High Court. The result of ...

  • books

    Overview On 1 June the FCA published further detail about its plans to bring a test case in the High Court in relation to non-damage business interruption (“BI”) insurance policies in response to uncertainty faced by policyholders, in particular SMEs, about whether their policies cover losses caused by the COVID-19 ...

  • lady justice sunset

    The High Court has held that an execution-only SIPP provider was not liable to an investor who sustained losses when he transferred an existing pension into a SIPP operated by the provider. The decision has important implications for SIPP administrators and their insurers. Background The defendant carried on business as ...

  • view through glasses

    Correct as of 9am, 12th May. This article is not being maintained. The FCA has published guidance[1] on the handling of complaints during coronavirus. The FCA reminds firms that handling complaints remains an important function which should continue and says that firms should take all reasonable steps to ensure as ...

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