FCA makes new travel insurance and other rules

FCA has made 3 sets of new rules.

• changes to COBS 19 to ensure that pension scheme members can properly find the information they need about costs and charges to ensure they get good value for money from their pension scheme and that it will meet their future needs. These rules take effect from 1 April;
• changes to ICOBS to help customers with pre-existing medical conditions find travel insurance providers who will cover them. These rules take effect from 1 June and 1 November; and
• changes to FEES to help FCA recover its costs for its increasing responsibilities, and improve the clarity of the rules and the operational processes of FCA.  These take effect mainly from 1 April.