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The Financial Sector Conduct Authority (FSCA) has published Conduct Standard 2 of 2025 (the 2025 Standard), setting out reformed conditions for pension fund benefit administrators under section 13B(1) of the Pension Funds Act, 1956.
In a recent decision that underscores the enduring significance of full and accurate disclosure in insurance applications, the United States District Court for the Central District of California granted summary judgment in favour of an insurer seeking to rescind multiple liability policies on the basis of material misrepresentations.
The strongest deterrent against FSP compliance missteps is or should be: