In response to the FCA's policy statement on the new product
information regime for Consumer Composite Investments (CCI),
alongside a discussion paper expanding consumer access to
investments, please find the following statement from the ABI
(Association of British Insurers).
George Ritchie, Manager, Long-Term Savings Policy, at the
ABI commented:
“Today's package of measures from the FCA reflects
promising progress towards empowering more people to
invest. By June 2027, firms will have the
flexibility to deliver clearer information on
cost, performance and risk so customers can
make better informed investment decisions.
“The FCA's commitment to reviewing MiFID in 2026 to ensure
consistency across the rulebook is welcome news. For
maximum success, we now urge the FCA to
support the industry in developing
practical frameworks for manufacturers and
distributors to share information effectively to meet
the new requirements.
“Additionally, the discussion paper on expanding consumer
access to investments is another step in the right
direction. We're pleased to see the regulator
continuing to consider how to move away from our
current risk averse culture, and towards a sensible,
informed approach which supports innovation while protecting
consumers.”
