Compliance Toolkit: Fair Value Assessments

Cobra Network Compliance 12 August 2024 Cobra Network Compliance, Toolkits

Fair value remains a key focus of the regulator and therefore, must remain a key focus of all firms in the distribution chain.

Following discussions with some members we have identified that they have not always considered the services they provide in the distribution process as a product. We have therefore, updated our Fair Value and Product Governance policy templates to provide the FCA definition of product as appropriate to Insurance Brokers as shown below.

Product refers to any general insurance contract or consumer credit agreement distributed to retail customers and any service . . .

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Tags: Product Governance and Fair Value Assessments

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Cobra Network Limited is an Appointed Representative of PIB Risk Services Limited which is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 308333. PIB Risk Services Limited and Cobra Network Limited are both registered in England and Wales. Company Registration Numbers 02682789 and 04628555. PIB Risk Services Limited’s and Cobra Network Limited’s Registered Office is Rossington’s Business Park, West Carr Road, Retford, Nottinghamshire, DN22 7SW. Part of PIB Group.
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