Financial Conduct Authority (FCA)
FSA changes Solvency II compliance timetable
The Financial Services Authority will work on firms' Solvency II internal model approval until 31 December 2015.
Post Blog: Innovate or withdraw
The FCA is likely to take a hard line on products that are not in the best interests of consumers, and insurers could be left with difficult decisions.
Interview: Dominic Clayden - not shaken or stirred
Aviva's UK GI claims director Dominic Clayden has been at the forefront of many claims battles over the past 15 years. He talks to Post about the upcoming civil justice reforms and the issues currently affecting the insurance industry.
Penny Black's Insurance Week
Recognition is always nice but somewhat cringe worthy when it's misplaced, Penny finds.
FCA to "revolutionise" consumer behaviour
The financial services industry needs to "brace itself" for a major change in the approach to competition by the regulator.
CII welcomes FCA clamp down on 'poor' business behaviour
The Chartered Insurance Institute has said it looks forward to the Financial Conduct Authority "punishing poor and unethical behaviour" as the new body launched a consultation paper on how it will operate.
ABI welcomes consumer-led FCA approach
The Association of British Insurers has backed Financial Conduct Authority boss Martin Wheatley's plans for consumer-focused regulation.
Biba calls for proportionate FCA regulation
The British Insurance Brokers' Association has issued a cautious welcome to clarification from the FSA on its transition to the new regulator.
Wheatley unveils new regulation agenda
Martin Wheatley, incoming chief executive of the Financial Conduct Authority, aims to "reset" how the regulator works with financial firms and address "cross-industry issues" when it replaces the Financial Services Authority next year.
Editor's comment: Stars of the small screen
With the British public's general view of the industry leaning towards a default 'big bad insurer', any opportunity to tip the balance back a couple of notches should be jumped on for maximum effect.
View from the top: Opportunity continues to knock
Towergate is celebrating its 15th anniversary this month, leading Mark Hodges to think about how much the industry has changed in the firm's corporate lifetime.
Biba boss urges Financial Conduct Authority to regulate 'appropriately'
British Insurance Brokers' Association chief executive Eric Galbraith, pictured, has called for "more appropriate" regulation, and offered to "help point the gun" at problem areas to support the FCA's efforts to stamp out product mis-selling.
Post magazine - 27 September 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Biba boss calls for FCA to target non-GI intermediaries
The British Insurance Brokers' Association has called for the incoming Financial Conduct Authority to target non-insurance intermediaries, not the industry's brokers, in order stamp out mis-selling scandals and protect customers.
Wheatley approach a "gross distortion of process"
Law firm CMS Cameron McKenna has claimed that the approach by Martin Wheatley, incoming boss of the Financial Conduct Authority, to "shoot first and ask questions later" represents a "gross distortion of due process".
ABI throws weight behind industry partnership with the FCA
The Association of British Insurers renewed its support today for the insurance industry working in partnership with the incoming Financial Conduct Authority to ensure that regulation delivers for consumers.
Expert legal view: The truth behind the headlines
Financial incentive schemes should be scrutinised and risk-assessed by an independent individual, say Christine Jenner and Mathew Rutter.
Brokers urge against unnecessary bureaucracy in mis-selling regulation
Broking representatives have called on the regulator to make sure that its pledge to stamp out any sales-driven mis-selling of products to consumers does not turn into a “box-ticking” exercise.
FSA approval time hits record high
The Financial Services Authority's deeper scrutiny of new business plans means that start-ups face record waiting times for regulatory approval, according to City law firm Reynolds Porter Chamberlain.
Incentive schemes: where do the real issues lie?
On Wednesday, the Financial Services Authority published the results of a review into risks faced by customers from financial incentives, and found that bonus-based schemes increase the risk of mis-selling. With a consultation on the issue launched …
Add-ons: In the firing line
What will the expected aggressive stance from the Prudential Regulation Authority mean for the future of add-on sales?
Regulator admits failures in "formulaic" TCF rules
Financial services firms that currently offer staff incentives on sales have up to 18 months to make sure their schemes are fair to customers.
Regulator to review "rotten" incentive schemes
Financial Services Authority managing director Martin Wheatley has laid out plans to stamp out mis-selling created by sales incentives that result in customers being sold products they do not need or cannot use.
New regulator to outlaw commission sales
Commission-based sales of financial products will be outlawed by the Financial Conduct Authority when it comes into force next spring.