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ABI supports FCA call for greater consumer needs focus in MLEI

Financial Conduct Authority

The Association of British Insurers has described the Financial Conduct Authority’s thematic review into motor legal expenses insurance as a “useful reminder” that more must be done to meet the needs of the consumer.

The FCA review, published this morning, outlined the regulator's findings and consumer research demonstrating need fopr firms to re-evaluate their approach to MLEI.

Three specific areas have been

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Four-and-a-half years after the Financial Conduct Authority’s fair value rules arrived, Branko Bjelobaba, principal of compliance consultancy Branko Ltd, argues inconsistent data and vague metrics still make it difficult for brokers and consumers to compare insurance products properly.

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Could the Gallagher and PIB deal be back on?

Deputy Editor’s View: Whispers at the British Insurance Brokers' Association conference earlier this month suggest Gallagher could be willing to buy PIB again, less than a year after plug was pulled on a deal and the latter refinanced.

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