Financial Conduct Authority (FCA)
FCA calls for industry input on regtech
The Financial Conduct Authority has called for input on the use of technology to ease regulatory reporting.
FCA signs agreement with US regulator to promote insurtech innovation
The Financial Conduct Authority has signed an arrangement with the US Commodity Futures Trading Commission to support each other’s insurtech initiatives, Lab CFTC and FCA Innovate.
Insurers could face claims worth millions following British Steel Pensions Scheme transfers
Insurers could face millions of pounds worth of professional indemnity claims arising from negligent financial advice given to those transferring out of the British Steel Pensions Scheme last year.
European Commission backs IDD delay
The European Commission has ratified proposals put forward by the Financial Conduct Authority to postpone the application date of the Insurance Distribution Directive.
FCA names Bailey incoming FSCS chair
The Financial Conduct Authority and the Prudential Regulation Authority have named Marshall Bailey as chair of the Financial Services Compensation Scheme with effect from 1 April 2018.
Dual pricing hitting vulnerable customers, says consumer watchdog
Dual pricing is hitting vulnerable customers hardest and insurers are part of the problem, according to research from Consumer Advice.
Andrew Bailey and Canadian Astronaut confirmed to speak at Biba conference 2018
Andrew Bailey, CEO of the Financial Conduct Authority and Canadian astronaut Chris Hadfield are among the speakers confirmed for the British Insurance Brokers' Association's 2018 conference.
This week: Technology, treasury and trade credit
I'm not sure who was more excited about technology in our house this week, my son discovered that virtual pets in the form of Tamagotchi are making a comeback in the UK this year while I learnt a bar has opened where robots make you cocktails.
One Call ‘regrets’ mishandling of client money
One Call said it has rectified the client money errors that led to more than £1m in fines from the Financial Conduct Authority.
One Call slapped with huge fines by FCA
One Call and its CEO John Radford have been slapped with fines totalling more than £1m by the Financial Conduct Authority.
Ten insurtech start-ups to watch in 2018 - part two
Today we feature a second quartet of businesses with their eye on the disruption prize, all of which will be worth watching out for as the year progresses.
Treasury MP promises engagement with brokers over regulation
Nicky Morgan, the chair of the Treasury Select Committee, said she looks forward to engaging with brokers over the “important issue” of lost productivity and regulation.
Insurtech launches travel insurance for people with serious illnesses
Bought by Many has launched European travel insurance for people with serious health conditions like cancer.
Brexit and PPL top of the agenda for Liiba
The London and International Insurance Brokers’ Association is to focus on getting brokers signed up to electronic trading platform Placing Platform Limited over 2018.
Allianz's Simon McGinn on treating customers, and their data, fairly
This year will see changes to how companies can use people's personal data and Simon McGinn, general manager for commercial and personal at Allianz, believes this is time to perfect the treating customers fairly mantra.
Charles Randell appointed as chair of FCA
Charles Randell has been appointed chair of the Financial Conduct Authority, replacing John Griffith-Jones.
Analysis: Why Amazon is ready to eat your lunch
Wherever you turn, Amazon seems to be the talk of the town.
Editor's comment: Will Amazon give a little or take a lot?
I’m a big fan of Amazon. Although I’m not a Millennial, I’m used to getting the products I want delivered to where I want, when I want, without too much fuss.
Post Power List 2018
2018 is likely to be a year dominated by data regulation, more Brexit negotiations and further Ogden reform and, as such, the key influencers reflect this
Post Power List 2018: Andrew Bailey
CEO, Financial Conduct Authority
Allianz-LV merger deal gains regulatory approval
Exclusive: Allianz and LV have secured regulatory approval for a joint venture that will create the UK’s third largest personal lines insurer.
Relief as IDD deadline extended by seven months
Insurers have received an early Christmas present in the form of a proposed delay of seven months to the implementation of the Insurance Distribution Directive.
Analysis: Mutual benefits
With four mutuals making the UK top 20 insurers rankings for 2017 and results outperforming the rest of the market, mutuality is a sector to watch, especially as it is easier to innovate without constant shareholder pressure
Legal Update: Conflicts of interest in the insurance distribution chain
As they prepare for the Insurance Distribution Directive, insurers and brokers need to be wary of conflicts of interest, which the Financial Conduct Authority has been monitoring closely, explain Roseyna Jahangir and Juanita Morrison, associate and…