Auxillias Summer 2024 InCredit Newsletter

This quarter’s issue is jampacked and provides an update on recent commissions disclosure cases, the Financial Ombudsman Service’s expectations of businesses with reference to Welcome to the Auxillias Summer 2024 newsletter, and it looks like the sun has finally arrived! After what felt like a very long winter, it’s wonderful to see the blue skies and feel the warmth again. We hope you’ve been able to enjoy some time outside, soaking up the sunshine and recharging your batteries. It’s the perfect season for fresh updates on the industry – and, as always, we have a jam-packed newsletter for you as a lot has been happening in our sector recently.

You’ll see that we’ve reviewed the PS 24/2 final guidance on reinforcing protection for borrowers facing financial difficulties, the FCA’s response on the super complaint, the stop on sales of GAP insurance, and we’ve covered the Dear CEO letter on the FCA identifying some failings in AML and the necessary actions for improvement.

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