Ongoing focus: The FCA, remuneration and incentives

The Financial Conduct Authority (FCA) (and its predecessor) has a continuing focus on remuneration and incentives.  The supervisory work it has carried out on other issues suggests that many consumer credit firms may be operating high-risk incentive schemes, which can often lead to poor consumer outcomes if not managed effectively. Work carried out between 2012 and 2014 found that a number of firms (including banks and insurers) had schemes that were likely to drive mis-selling. The FCA has recently updated and reinforced its guidance to all firms in light of further findings deriv...