Financial Conduct Authority (FCA)
Dual pricing looks certain to come under FCA spotlight warns ABI chairman
Evans equates practice to bank teaser rates currently being scrutinised by FCA
Editor's comment: The regulation pantomime
As we head into the pantomime season, it seems the insurance market’s Sleeping Beauty has awoken – and she means business.
African reinsurer One Re gets UK regulatory approval
One Re, a reinsurer focusing solely on business from Africa, has received approval by the Prudential Regulation Authority and the Financial Conduct Authority.
Housing associations: Providing a helping hand
With less than 40% of social housing tenants taking out home contents insurance, what can the insurance industry do to help those with low incomes protect their belongings?
Flexible commissions look set for FCA scrutiny over conflicts of interest
Compliance specialists say regulator is ‘incredibly interested’ in the practice
FCA and financial firms agree to join forces on complaints handling
The Financial Conduct Authority has agreed with financial firms to make improvements to the way complaints are handled in the sector.
Financial crime risk management no longer 'tick box' exercise says EY
Small commercial brokers face an uphill struggle to ensure they are meeting the the Financial Conduct Authority's expectations on financial crime risk management, according to EY.
FCA slams SME commercial brokers for narrow bribery risk control
The Financial Conduct Authority has accused small commercial insurance intermediaries of failing to manage bribery and corruption risk effectively.
CPP seeks capital injection as it restructures balance sheet
Credit Card insurer CPP has received interest from investors to inject £9m of new equity into the business as it looks to restructure its balance sheet after paying out £1.3bn compensation to customers who were mis-sold insurance.
Creditors of liquidated broker EPLS owed more than £500,000
Blocked London insurance broker EPLS Risk Solutions is in more than £500,000 of debt to creditors, according to its liquidators.
Ex-Brightside placement boss Freer promises 'innovative' add-ons from new role
Christian Freer has pledged to bring add-ons of “real value” following his appointment as commercial director of Strategic Insurance Services.
Former Swinton CEO Halpin fined and banned from senior roles after adds-ons mis-selling
The Financial Conduct Authority has fined three former senior executives of Swinton Group £928,000.
Research: State of the Broking Nation Part 2: Regulation, Commission & Politics
In the second in a series of reports covering brokers’ views of the issues affecting their sector, Post this week asks 20 senior industry figures their thoughts on regulation, commission and politics.
‘Wake-up call’ PWC survey reveals extent of customer distrust
Insurers admit industry must do more to improve sector’s service and image
FCA contacted after Das audit leads to double staff suspension
Das has informed the Financial Conduct Authority after a routine internal audit within the firm’s after the event division led to two employees being suspended.
Bardet upbeat on FCA relationship following 'unsurprising' results
Swinton chief executive Christophe Bardet has heralded the high-street broker's constructive relationship with the Financial Conduct Authority 14 months after it was fined £7.4m for mis-selling.
Swinton sees 26% 2013 profit drop
High street broker Swinton has reported post-tax profit of £14.1m for 2013, a 26% decrease on its prior year result.
GI products in top three for FCA complaints
Financial Conduct Authority data has put general insurance products in the top three most complained about financial services products for the six months to June 2014.
FCA blocks ‘uncooperative’ EPLS Risk Solutions
The Financial Conduct Authority has removed permissions for London-based broker EPLS Risk Solutions over failures to file figures to February 2014.
Top 100 UK Insurers: AM Best Commentary: The lie of the land
Falling rates and low returns on investment continue to dog insurers, while the impact of regulation is being felt across the sector
C-Suite – Insurer: Still scope to improve
The pressure is on for insurers to innovate and adapt to provide a relevant service to customers
Biba to create voluntary code of conduct following member vote
The British Insurance Brokers’ Association has taken the first step towards developing a voluntary code of conduct by re-establishing its working group.
Comment: Audit scope: New scope for coverholder audits
New requirements will need to be met after changes to coverholder audits were announced at the Lloyd’s Coverholder Auditors conference. Alec MacMillan, senior auditor at Triton Audit, explains what changes are in store for the sector
Claims Club News: Insurers warned that independent Scotland would hit them in the pocket
An independent Scotland would cost insurers more in claims, according to BTO’s insurance group head Bill Speirs, who maintains that proposals to increase earnings north of the border will impact reserves.