Financial Conduct Authority (FCA)
In Series: Claims: Investigating the investigators
What will the FCA’s examination of insurers’ use of private investigators uncover – and will it affect industry efforts to combat fraud?
Affinity news: Axa director warns against using ‘herd mentality’ to avoid FCA action
Goss points at PPI scandal as example of mass impropriety.
Automatic policy renewals come under FCA scrutiny
Increased premiums on automatic policy renewals are to come under the spotlight, the Financial Conduct Authority has said in a letter to lawmakers.
FCA focused on insurance sector with phone fine, says lawyer
The fine handed out by The Financial Conduct Authority to Policy Administration Services, illustrates the regulator’s interest in the insurance industry, a legal specialist has said.
Phones 4 U insurance administrator PAS fined £2.8m by regulator
The Financial Conduct Authority has fined Phones 4 U’s insurance administrator Policy Administration Services £2.83m for poor complaints handling.
Swinton launches £60m business plan revamp after FCA intervention
Swinton is investing £60m in modernising its multi-channel operation after falling foul of a regulatory inquiry into some of its sales practices.
SME customers focus of FCA review
A Financial Conduct Authority review of broker conflicts of interest will focus on SME and micro-business customers, it was announced today.
Add-ons: Into the mist
The Financial Conduct Authority’s investigation into add-ons threatens to create fault lines between the industry and the public. Is the sector’s house in order or is a clean up needed?
FCA to investigate broker conflicts of interest
The Financial Conduct Authority is launching a thematic review into broker conflicts of interest.
Mass calls for SRA rethink on enticements to claims
The Motor Accident Solicitors Society has expressed disappointment at the fact the Solicitors Regulation Authority is not considering outlawing cash or gift enticements to potential claimants.
Tribunal upholds FCA ban and £150 000 fine on broker Jeffery Flanders
The Upper Tribunal has upheld the decision of the Financial Conduct Authority to ban Andrew Jeffery, director of Jeffery Flanders (Consulting), and fine him £150 000 – one of the largest fines imposed on a broker for insurance fraud.
Mobile insurers tarnished by the few bad operators
Mobile insurers not acting in customers' best interests risk tarnishing the good name of the industry as a whole, according to Supercover Insurance.
Some mobile phone insurance policies are poor and unclear says FCA
The Financial Conduct Authority has published a review into mobile insurance which found evidence or poor product design, unclear terms and inadequate claims and complaints handling.
Report incriminating insurers in phone hacking to be re-examined
The Home Affairs Committee is due to meet later today to discuss the possibility of questioning the Serious and Organised Crime Agency over a leaked report into the use of private investigators by insurance, law and telecoms firms and their links to…
Motor Insurance: The road to profit
Could recent legislation provide the turning point motor insurers need to drive them into long-awaited profitability, or are tough times set to continue?
Customers paying for FSCS levies on brokers via ‘administration’ charges
Contributions to compensation scheme putting strain on brokers’ profitability.
View from the Top: The result of clarity? Confusion
Regulatory transparency is set to make headlines with the Financial Conduct Authority due to report back this month.
Solicitors’ Professional Indemnity: Domino effect
As solicitors and the wider industry prepare for the fallout from the Balva scandal, predictions suggest some firms could fall onto the breadline. Are they right?
Post Audio Supplement - 13 June 2013
Too busy to read the magazine or website? Want a quick update on the latest news?
Insurers split over police’s burglary notification plan
Scheme developed to help reduce victims of crime
FCA tells sector to change its ways in motor legal expenses insurance review
Industry reacts to recommendations including opt-in sale of MLEI cover
Editor's comment: Ringing the changes
The Financial Conduct Authority’s review of motor legal expenses insurance was given an airy response by the LEI sector.
Biba MLEI’s views are ‘completely aligned’ with the FCA’s
The British Insurance Brokers’ Association views on motor legal expenses insurance views are “completely aligned” with that of the Financial Conduct Authority, as laid out in a document published earlier today, according to Biba’s Graeme Trudgill.
ABI supports FCA call for greater consumer needs focus in MLEI
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.