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Rules Will Ensure Clearer Details on Financial Products, Says FCA
The Guardian
|March 25, 2025
The City watchdog is considering changing its rules to ensure people receive clearer information from financial firms, making it easier for consumers to compare products.
The Financial Conduct Authority (FCA) is, for example, exploring how it can simplify communications about savings accounts.
The watchdog, which is due to announce its five-year strategy today, will in addition review parts of its credit advertising rules, such as lengthy terms and conditions.
The regulator is also examining its expectations for mortgage lending, as part of a range of proposals to streamline its rules, reduce burdens on businesses and improve outcomes for consumers.
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