Financial Conduct Authority (FCA)
Trade Voice: Anyone for a game of pinball?
Going to work in an insurance brokerage can sometimes feel like a trip to the amusement arcades.
Blog: GI hopes high on FCA successor as Wheatley is shredded
The soon to be deposed Financial Conduct Authority CEO Martin ‘shoot first ask questions later' Wheatley this week admitted he is "disappointed to be moving on with a sense of unfinished business".
FCA revamps complaints handling procedures with new rules
Financial services firms can no longer charge customers premium rates when making telephone calls to ask for assistance or to complain due to new complaints handling rules published today (23 July) by the Financial Conduct Authority.
FCA boss Wheatley 'disappointed' to be stepping down
Outgoing Financial Conduct Authority CEO Martin Wheatley has said that he is "disappointed" to be departing the top job at the regulator.
Wheatley's FCA exit raises 'more questions' than it answers
The abruptness of Martin Wheatley’s planned departure as CEO of the Financial Conduct Authority has come as a shock to market insiders, who are calling on his successor to adopt a 'proportionate' line on regulation.
FCA boss Wheatley to step down in September
Martin Wheatley will step down as CEO of the Financial Conduct Authority from 12 September, with executive board member Tracey McDermott leading the regulator for an interim period while a search for a long-term successor is carried out.
FCA to consult on insurance renewal deals
The Financial Conduct Authority has confirmed it will launch a consultation later this year to review the best ways to ensure that consumers get the best insurance renewal deals.
FCA hires insurance leader as supervision director
The Financial Conduct Authority has appointed JLT strategic advisory group member Jonathan Davidson as its retail and authorisations supervision director.
Penny Black's Insurance Week: 9 July 2015
With hours spent at etiquette school before her societal debut, Penny can confidently say ‘faux pas' is not a part of her vocabulary.
Roundtable: Big Data: What can big data do for the insurance industry?
With big data playing a bigger role across all industries, the big question is what it can do for the insurance sector?
C-Suite - Insurer: Keeping everyone smiling
Innovation is key to giving the customers what they need, while also keeping regulators happy.
FCA annual report reveals insolvent insurer and client money deficit
The Financial Conduct Authority has stopped 1300 small law firms renewing their professional indemnity cover with an insolvent insurer as well as correcting a £17m client money deficit in a medium-sized broker, according to its 2014/15 annual report.
FCA opens the door for product reviews in value data debate
The Financial Conduct Authority has not ruled out using consumer reviews to demonstrate the value of an insurance product, despite hinging an industry-wide value debate on utilising claims ratios as a metric.
Quindell delays 2014 results announcement
Troubled service provider Quindell has said its audited 2014 accounts will not be published by tomorrow (30 June) as planned.
FCA sparks communications debate
The Financial Conduct Authority has kick-started a debate to encourage firms, consumer groups, and stakeholders to work together to deliver information to consumers in smarter and more effective ways.
FCA seeks industry feedback on value of publishing claims ratios
In a discussion paper published today, the Financial Conduct Authority has set out and invited comments on options for the publication of product value data, following concerns about poor value and a lack of effective competition in general insurance…
FCA defends costs in relation to EU counterparts
The Financial Conduct Authority has disputed its costs are significantly more than other European Union regulators after a critical response from an insurance trade body to its fees and levies for 2015/16.
FCA commences investigation into Quindell as it suspends AIM trading
The Financial Conduct Authority has confirmed it is conducting an investigation into Quindell in relation to public statements made about the outsourcing company's financial accounts during 2013 and 2014.
Brain training: 10 things you need to know about...
...anti-bribery and corruption regulations
Delegated authority criticism sparks uptick in CII exam applicants
The Chartered Insurance Institute believes criticism of delegated authority arrangements by the Financial Conduct Authority is behind a spike in interest from the market for its specialist examination.
Editor's Comment: Heeding the warning shot
Following the Financial Conduct Authority’s recent thematic review into delegated authorities, compliance experts have cautioned this is a warning shot across the bow.
Boards must be more active in delegated authority oversight
The boards of insurers that use delegated authority arrangements must take a more active role in their oversight, following the “warning shot” from the Financial Conduct Authority over such arrangements, compliance experts have cautioned.
GAP market faces shake-up after FCA competition remedy
Firms distributing guaranteed asset protection insurance in connection with the sale of a vehicle from 1 September 2015 will be required to provide customers with information to help them shop around following new rules published by the Financial Conduct…