You can use the search function to find a range of UK Finance material, from consultation responses to thought leadership to blogs, or to find content on a range of topics from Capital Markets & Wholesale to Payments & Innovation.
Responding to the FCA's Discussion Paper on ?Price discrimination in the cash savings market,? Peter Tyler, Director of Conduct and Savings Policy at UK Finance, commented:
?The industry has implemented a number of remedies to improve competition in the cash savings market, helping savers to shop around and find the best deal.
?These include communicating more clearly with customers about the rates they receive, faster Cash ISA transfers and enhanced customer prompts before a rate is reduced.
?The changes brought in under Open Banking and PSD2 also have the potential to drive further competition and the development of innovative new services in the savings market.
?UK Finance and its members will be exploring the options set out in the FCA's discussion paper and look forward to responding in due course to help ensure that any additional remedies work well for consumers.?
22.04.24
24.04.24
19.04.24
By downloading this document, you understand and agree that any sharing, distribution or republishing of the content, without prior written authorisation from the author or content managers at UK Finance, shall be constituted as a breach of the UK Finance website terms of use.
