The Financial Services Authority's deeper scrutiny of new business plans means that start-ups face record waiting times for regulatory approval, according to City law firm Reynolds Porter Chamberlain.
On Wednesday, the Financial Services Authority published the results of a review into risks faced by customers from financial incentives, and found that bonus-based schemes increase the risk of mis-selling. With a consultation on the issue launched …
What will the expected aggressive stance from the Prudential Regulation Authority mean for the future of add-on sales?
Financial services firms that currently offer staff incentives on sales have up to 18 months to make sure their schemes are fair to customers.
Financial Services Authority managing director Martin Wheatley has laid out plans to stamp out mis-selling created by sales incentives that result in customers being sold products they do not need or cannot use.
Commission-based sales of financial products will be outlawed by the Financial Conduct Authority when it comes into force next spring.
Managing general agents face being liable to bail out failed independent financial advisers or mortgage intermediaries that exceed the upper threshold of the Financial Services Compensation Scheme levy under new proposals.
The Financial Services Consumer Panel has urged the forthcoming Financial Conduct Authority to respond quickly to widespread consumer detriment.
Direct regulation of loss adjusters has been on the agenda for more than a decade but, with Europe ready to step in, is the industry prepared to be governed by forces on the continent?
KPMG chairman John Griffith-Jones will join the FSA board on 1 September as non-executive director and deputy chairman, before becoming non-executive chairman designate of the soon-to-be-introduced Financial Conduct Authority.
The insurance market has been warned that there is a "danger" of regulation being rushed through, as a number of unanswered questions remain in the run up to new financial regulation next year.
More information is needed on how the UK's two new insurance regulators are going to cooperate and ensure fair treatment for companies, a new International Underwriting Association market group has stated.
With the British Insurance Brokers' Association conference looming, brokers are warming up for the networking event of the year and their best opportunity to thrash out market issues. Post caught up with some of the biggest hitting national players to…
The Financial Services Authority has mimicked the forthcoming twin peak regulation model ahead of its implementation in 2013, but will it prepare the industry for change?
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
In an online exclusive, CMS Cameron McKenna partner Alison McHaffie outlines best practice for insurance firms dealing with complaints from customers.
Nature does not favour creatures with two heads, probably because they spend most of their time arguing with themselves.
Having been convinced by the Conservative-Liberal coalition to withdraw his resignation and extend his stay once before, the Financial Services Authority chief executive officer Hector Sants' decision to step down in the summer was something of a…
Hector Sants, chief executive of the UK Financial Services Authority, has announced his intention to leave the organisation at the end of June 2012.
Mathew Rutter, regulatory partner at DAC Beachcroft, said that Hector Sants' departure from the Financial Services Authority at the end of June could not come "at a worse time" for regulated firms.
The chief executive of the Financial Services Authority, Hector Sants, has announced his intention to leave the organisation at the end of June.
Affinity business is a growing area for insurers, but how can the industry avoid its pitfalls while making partnerships work?
2012 could see a raft of changes to the insurance industry
The insurance industry has a poor public perception, many believing that firms put short-term profit above long-term customer satisfaction.