Regulations
By James Thorp
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The CCI Model Replaces PRIIPs and UCITS. The CCI framework replaces the existing PRIIPs and UCITS disclosure documents that firms have been…
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Industry Has Until August 21 to Respond. Stakeholders have until August 21 to send feedback on CP26/24.
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The FCA wants to blow up the way investment costs get explained to ordinary people. Plain English, fewer layers of jargon, and a unified framework — that's the pitch.
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The regulator put out a consultation — CP26/24 — that would fold investment cost disclosures into its existing product disclosure reforms, building one joined-up system rather…
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Around 30% of non-advised platform users have no idea what fees they're paying.
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That number is pretty damning. These aren't people who ignored a warning — they just never got one in a form they could understand.
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June 2027 is when compliance becomes mandatory. That's the hard deadline. Firms will be required to follow the CCI rules finalized last year, which means changes to how…
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The consultation is consistent with the FCA's Consumer Duty framework and ties back to the 2023 Dear CEO Letter, which specifically touched on interest disclosures on cash and…
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Related: FCA Targets 4 Key Failures in Closed Legacy Pension Books
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Stakeholders have until August 21 to send feedback on CP26/24. The FCA says it'll keep working with the industry as the rules get finalized, but the direction of travel isn't…
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What's still unclear is exactly how the FCA will handle firms that technically comply but produce disclosures that are still effectively unreadable — formatted correctly but…
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It's also worth noting what this means for the broader market structure. Platforms, wealth managers, and financial advisers all face different operational realities.
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The readability problem isn't unique to the UK. Across developed markets, regulators have been wrestling with the same basic tension: financial products are complicated, but the…
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More context: Bank of England Pushes New Retail Payments Overhaul With Open Stakeholder Consultation
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Whether that bet pays off depends a lot on how seriously firms take the spirit of the rules, not just the letter. The 6% plain English figure from the current review is a baseline.
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