Financial Conduct Authority (FCA)
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…
FCA warns against ‘bogus’ firm operating in the UK
The Financial Conduct Authority has issued a warning to insurers against an unregulated financial services provider targeting UK consumers.
FCA launches guidance on senior managers and certification regime
The Financial Conduct Authority has published proposals on how firms and individuals will move to the senior managers and certification regime.
FCA fines Bluefin £4m for misleading customers
The Financial Conduct Authority has fined Bluefin over £4m for failing to provide information to its customers about Bluefin’s independence in a way that was clear, fair and not misleading.
Insurance firms listed in FCA sandbox
The Financial Conduct Authority has announced 18 firms will join its third regulatory sandbox cohort, including three working in the insurance sector.
Government must solve passporting rights, says FCA CEO
The government must solve the problem of passporting rights to secure the future of the insurance sector after Brexit, the Financial Conduct Authority’s CEO has warned.
Analysis: The impact of FSCS funding proposals on brokers
In 2016 the Financial Conduct Authority released a raft of proposals that examined potential changes to the way the Financial Services Compensation Scheme was funded.
Insurtech accelerator granted FCA approval
An insurance accelerator has been granted approval to launch up to 25 insurtech start-ups within the next five years.
Blog: Rekindling the broking passion and preserving independence
Broker Network CEO Andy Fairchild urges experienced brokers to mentor the younger generation.
FCA broker probe ‘could benefit London insurers’
An official investigation into the wholesale insurance broker market could cut rising costs for London market insurers, Fitch Ratings said.
PRA outlines supervisory framework for ILS
The Prudential Regulation Authority has published final rules setting out how it will authorise and supervise insurance special purpose vehicles, which will be used to issue insurance linked securities in the UK.
FCA launches wholesale broker sector market study
The Financial Conduct Authority has launched a market study “to assess how competition is working” in the wholesale insurance broker sector.
FCA to launch wholesale insurance market study this week
The Financial Conduct Authority is preparing to launch a market study into wholesale insurance this week.
Lack of AR oversight putting customers at risk, FCA warns
Insurance companies may be putting customers at risk by not undertaking sufficient due diligence on their appointed representatives.
Insurers hit out at FSCS consultation
The Association of British Insurers has hit back at proposals from the Financial Conduct Authority that insurers contribute towards costs of intermediary failure under the Financial Services Compensation Scheme
FCA sees 3.32 million financial services complaints in H1
The Financial Conduct Authority received 3.32 million complaints about financial services in the first six months of 2017.
FCA paid £4.9m in production costs on Schwarzenegger PPI advert
Exclusive: The Financial Conduct Authority spent £4.9m in production costs on a TV advert featuring the robotic head of Arnold Schwarzenegger.