FCA Business Plan 2015/16 explained

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• published: 07 Apr 2015
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The Financial Conduct Authority's (FCA) Business Plan sets out the activities that we intend to carry out in 2015/16 to protect consumers, enhance market integrity and promote competition. See our Business Plan: http://fca.org.uk/business-plan-2015-16 Areas we will be working on in the coming year: - to examine whether the sales practices of pension providers have improved since the 2014 review into annuities sales - to look at how firms were helping consumers make the right choice in relation to their pension given the options soon to be available to people as part of the Government’s pensions reforms - to look at how the mortgage market is working, in particular any barriers to competition and the ability of consumers to switch provider or access credit - to implement and review the consumer credit regime and the firms and practices within the sector - to take forward the announced wholesale market study into competition in investment and corporate banking - to monitor developments in technology and how that affects firms and consumers, including a market study on the use of Big Data in the insurance market - to contribute to international benchmark reform - to work with firms preparing for the implementation of MiFID II and the Market Abuse Regulation updates - to launch a market study on asset management that will examine charges paid by investors and what drives those charges - from April, powers to enforce against unlawful anti-competitive behaviour in the financial services industry concurrent with the Competition and Markets Authority come into effect.