The Financial Conduct Authority is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. The FCA regulates financial firms providing services to consumers and maintains the integrity of the UK's financial markets. It focuses on the regulation of conduct by both retail and wholesale financial services firms. The Financial Services Act 2012, which received royal assent on 19 December 2012, created the FCA and gave it statutory objectives and powers. It is a successor to the Financial Services Authority (FSA), which was established in 1997 as a result of Bank of England reforms. FCA’s mission is to make markets work well for consumers, to ensure that relevant markets function well and that consumers get a fair deal. The FCA oversees the financial services industry. It does not regulate the vast majority of firms and individuals that provide financial advice, only those that sell, advise on or arrange deals in investments such as shares, bonds, units in collective investment schemes (funds) and options, or who manage investments. If you have a complaint about anything else to do with your dealings with an adviser - for example their attitude or behaviour - please contact their professional body or trade association. The Financial Ombudsman Service can help you decide whether it can deal with your complaint. The Financial Services Register contains public information about firms regulated by the FCA. It also allows you to check if someone is authorised or registered by the FCA. FCA financial conduct authority Overseeing on a day-to-day basis administrative functions for effecting or carrying out of life policies Qualification Success Story:
It was the best certificate I have done by far. I expected it to be more theoretical as opposed to practical, but found it very helpful and relevant to my work.
Right now I am working in a small insurance company as a Claims Assessor, so the course is helping me understand life policies better and giving me an insight into how insurers work.
So far I have received positive feedback from my colleagues, who say that I am more knowledgeable about life insurance cover now than before.
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