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FSA seeks improvement in cold calling standards

The Financial Services Authority (FSA) has said firms must improve the standards of cold calling when selling general insurance over the telephone to ensure they are treating their customers fairly.

The FSA reviewed a sample of 43 firms to look at their sales process, systems and controls and whether they were treating customers fairly when selling general insurance over the telephone. This found

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FCA vows to keep pressure on premium finance APRs

The Financial Conduct Authority has said it will “continue to put pressure” on companies offering premium finance in a bid to continue lowering annual percentage rates after revealing the impact its enforcement action has had so far.

FCA’s Knight insists CPD changes are not a relaxation

The Financial Conduct Authority’s decision to ditch its 15-hour-per-year continuing professional development requirement for insurers should not be viewed as a relaxation of standards, according to the regulator’s director of insurance, Chris Knight.

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