FCA Policy Development Update – March

Industry News | 06/03/20

The Financial Conduct Authority has published its monthly Policy Development Update for March 2020. Upcoming publications of note include a policy statement or feedback statement to the consultation CP20/1, Introducing a Single Easy Access Rate for cash savings, which set out proposals to simplify the market and improve competition by requiring firms to introduce a Single Easy Access Rate (SEAR) for their easy access cash savings accounts, and for their easy access cash ISAs. The statement is expected in the second quarter of 2020, and will affect providers of cash savings products, intermediaries such as financial advisors, consumer organisations and consumers.