Financial Conduct Authority (FCA)
Industry warns over reputational risk of FCA’s ‘name and shame’ policy
Regulator’s new plans could see individuals under investigation outed publicly.
Whiplash: Choosing the right path
Several ideas have been suggested to alleviate insurers’ whiplash woes – but which method represents the best solution for all parties?
Private Investigators: Watching the watchmen
Three insurers were named among the firms being probed by the Information Commissioner’s Office for their use of rogue private eyes, but how will the wider industry be impacted by the investigation?
Expertise in Action: Broker: Preferential treatment
Few clients are interested in commission disclosure, however, the issue of preferential treatment for brokers that produce the most business for insurers could soon face regulatory scrutiny.
Ombudsman data shows insurance complaints up 4.6%
Consumer complaints for general insurance products reached almost 6500 in the quarter ending 30 September according to data published by the Financial Ombudsman Authority.
General insurance second only to PPI in H1 2013 FCA complaints
Payment protection insurance and other insurance products were the two most complained about products categories in the first half of 2013, according to the Financial Conduct Authority.
Law firm slams FCA naming policy
A lawyer from international firm CMS has slammed the Financial Conduct Authority’s decision to name firms under investigation saying the move is “calculated to gain publicity”.
FCA to name firms under investigation in warning notices
The Financial Conduct Authority today confirmed it will name firms and, in some circumstances, individuals under investigation.
C-Suite: Get the growth message right
News that the International Monetary Fund has raised the UK’s economic growth forecast from 0.7% to 0.9% for this year has contributed to a growing cautious optimism about the nation’s future.
Pressure mounts on government to close referral fee ban loophole
Apil boss reminds insurers of responsibility not to profit from schemes.
FCA coy over telling firms to boost female headcount in the boardroom
Regulator ‘not looking specifically’ at issue but confusion surrounds CRD IV.
FCA finds no consistency in insurers’ private investigator use
The Financial Conduct Authority says there is no consistency in insurers’ use of private investigators following the release of a factsheet for general insurance companies today.
Ferma 2013: 'Twin peaks' regulation questioned by ex-EC Solvency II head
The former head of Solvency II at the European Commission has called into question the creation of the UK’s ‘twin peaks’ regulatory system for matters relating to the insurance industry.
Ferma 2013: Former EC Solvency II head questions 'twin peaks' regulator
The former head of Solvency II at the European Commission has called into question the creation of the UK’s ‘twin peaks’ regulatory system for matters relating to insurance.
Recruitment agencies accused of mis-selling insurance
Recruitment agencies came under fire after the BBC claimed they are mis-selling personal accident insurance to temporary workers.
PPI investigation uncovers serious complaints handling issues
The Financial Conduct Authority has referred an unnamed firm to its enforcement division following an investigation into payment protection insurance, which found serious problems with complaint handling decisions and communications to customers at the…
Lloyd's: The burden of regulation
Facing increasing scrutiny from the UK and Europe, Lloyd’s could be in danger of becoming less competitive. By Katie Marriner
Rivals set to take advantage of Swinton’s downsizing plans
Firm to close 100 of its 500 branches by end of 2014
Editor's comment: Don’t count your (fried) chickens
In my 10 years working on Post and with the insurance sector, I have lost count of the number of times the death knell has been sounded for the high-street broker.
Axa Wealth fined £1.8m over advice failures
Axa Wealth has been slapped with a £1.8m Financial Conduct Authority fine after the regulator found it failed to ensure it gave suitable investment advice to its customers.
Axa Wealth fined £1.8m in UK over advice failures
Axa Wealth has been slapped with a £1.8m Financial Conduct Authority fine after the UK regulator found it failed to ensure it gave suitable investment advice to its customers.
Solvent GI firms warned about PRA stance on schemes
Professional services giant KPMG has raised concerns that a draft supervisory statement issued by the Prudential Regulatory Authority suggests that the PRA no longer considers schemes an appropriate tool for solvent insurers.
DLG confirms involvement in FCA complaints handling review
Direct Line Group has confirmed it is one of the three firms from the general insurance sector to be involved in the Financial Conduct Authority’s thematic review on complaints handling.
FCA fine not to blame for profit slump as Swinton plots job cuts
Swinton has attributed changes to its sales practices following regulatory action over the mis-selling of add-on products to a drop in its annual turnover last year, which sunk to £301.4m from £329.1m in 2011.