Financial Conduct Authority (FCA)
D&O innovation
With a spate of innovation in the directors’ & officers’ market, how is the cover staying relevant in a constantly changing world?
Under attack: how widespread is appointed representative mis-selling?
The Financial Conduct Authority recently fired the first shots over mis-selling by appointed representatives but how far-reaching is this problem and what can be done to stop it?
Europe: Delegated authority arrangements need to be reviewed ahead of the Iber's expiration
Although the British electorate has voted for Brexit, the UK remains a member of the European Union for the time being, and EU competition law continues to apply in the UK.
SSP breaks promise to resume service today
SSP has told brokers that its Pure Broking platform will not resume normal service today, despite assurances it would.
Why owners should love their pets enough to insure them
Almost four million cats and dogs are insured in the UK but a significant number of pet owners are leaving their pets uncovered.
NEDs: With great power comes great responsibility
There was a time, or so the old insurance hands say, when being a non-executive director was something of a cushy number: The sum total expected of a NED was to turn up for 12 board meetings a year, read the odd report, and play a few rounds of golf with…
When should older drivers hang up their keys?
Older drivers are a growing market, whose risk is difficult to assess.
Video: FCA study into the sale of add-ons
This infographic illustrates the main details of the FCA’s study into the sale of general insurance add-ons.
Brokers welcome decision to abandon ‘unworkable’ client money rules
The financial services watchdog has abandoned a set of “almost unworkable” policy changes to how intermediaries handle client money.
Broker bias: Is there conflict over commission?
Risk managers are increasingly worried about broker conflicts of interest. Are there enough checks in place?
Insurers voice concerns over FCA transparency proposals
The Financial Conduct Authority has published a policy statement which outlines rules to increase engagement at renewal in the general insurance markets, but insurers are worried their positions will be undermined.
FCA fines stockbrokers Cenkos over half a million for mishandling of Quindell
The Financial Conduct Authority has fined Cenkos over half a million pounds for misrepresenting insurance outsourcing firm Quindell.
Blog: How to ensure outsourcing to the cloud meets data protection standards
Insurers that want to outsource to the cloud need to make sure their service providers meet data protection standards.
Blog: Insurers must shout about the good service
I've worked at the sharp end of our industry for more than 30 years now and seen firsthand how we help to put peoples' lives and businesses back together following serious incidents such as a storm, flood or fire. However, the public perception of the…
FCA to go ahead with PPI complaint deadline
The Financial Conduct Authority has confirmed it will press on with plans to impose a deadline for payment protection insurance complaints.
Private Motor Insurance Order officially comes into effect
Measures to boost competition among insurers and reduce premiums for drivers have come into effect today.
MPs call for a breakup of the FCA
A review on the possible breakup of the Financial Conduct Authority has been called for by senior MPs and the Treasury Select Committee due to ‘severe flaws’ in its past operations.
Trade Voice: Biba's Steve White on how the times they are a changin'
It is in turbulent times that trade bodies can prove must helpful.
FCA report on widespread selling among ARs 'no surprise' to broker networks
Today’s Financial Conduct Authority report on the “serious and widespread” issues on the oversight of appointed representatives has come as no surprise to broker networks.
FCA identifies ‘serious and widespread’ mis-selling among ARs
The Financial Conduct Authority has identified “serious and widespread” issues on the oversight of appointed representatives.
Brexit will not lead to ‘bonfire of regulation’, FCA chief says
Brexit will not lead to a “bonfire of regulation” the new head of the Financial Conduct Authority has warned.
FCA fines Towergate £2.6m for failing to protect client and insurer money
The Financial Conduct Authority has fined Towergate Underwriting Group £2.6m for failing to protect client and insurer money.
Interview: MGAA's James Gerry on what makes an MGA
One of the challenges that James Gerry, the recently elected chair of the Managing General Agents' Association, consistently encounters is over what exactly an MGA is.