Financial Conduct Authority (FCA)
FCA issues social media warning as it launches promotions consultation
The Financial Conduct Authority has launched a consultation intended to clarify its approach to the supervision of financial promotions in social media.
FCA calls for claims ratios in final add-ons report face renewed criticism
The Financial Conduct Authority’s proposal to impose a requirement for insurance companies that engage in the sale of add-on products to publish claims ratios as a measure of value is expected to face continued criticism.
C-Suite - Broker: Time to embrace our similarities
Having made the leap from broking to an insurance company, I knew it would be different. I have had one or two ‘I don’t think we’re in Kansas anymore Toto’ moments but I always knew there would be a period of adjustment.
Ethics moves into the mainstream
David Thomson, CII Director of Policy & Public Affairs, predicts a larger role for ethics within the industry as the regulator focuses on cultural reform
Green promoted to FCA GI director
The Financial Conduct Authority has promoted Simon Green to director of general insurance and protection.
C-Suite - Broker: Give the FCA what it wants
Brokers need not fear the FCA, as long as they put customers first
Add ons review ‘gloomy reading’ for motor insurers
A regulatory review of the sale of general insurance add ons makes for “gloomy reading” for insurers including Direct Line, Esure and Admiral according to one analyst.
FCA holds to claims ratio publication plans
The Financial Conduct Authority has reiterated that the publication of claims ratios remains its “preferred measure” for assessing the efficacy of general insurance add on products.
FCA to publish whistleblowing guide
Financial Conduct Authority chief executive Martin Wheatley has confirmed the watchdog will be publishing a guide to whistleblowing but has dismissed claims it is part of the regulator's thematic projects.
DLG seeks action on PCWs' ranking of monthly premiums
Direct Line Group is calling for greater clarity around the way price comparison websites rank premiums when a consumer has opted to pay monthly.
Biba calls for level playing field for aggregators
The British Insurance Brokers' Association is urging the Financial Conduct Authority to act on the findings of its thematic review of price comparison websites by ensuring aggregators meet customer expectations.
Aggregators cautious on FCA review
Price comparison websites have been muted in their response to the Financial Conduct Authority’s thematic review of the sector, which saw the watchdog warning that aggregators were falling short.
Aggregators failing to meet FCA expectations
The Financial Conduct Authority has this morning handed out a damning verdict on the price comparison website sector, finding such sites do not always ensure consumers were given information to make informed decisions.
Conduct is most concerning emerging risk for London market internal auditors
FCA perceived as being more focused on London market than its predecessor
Brokers warn over impact of renewal transparency plans on direct insurers
ABI sends FCA letter asking it to enforce minimum standards of information
GI firms urged to adopt whistleblowing policies as FCA review is mooted
Issue brought into spotlight following release of CII ‘Speaking Up’ guide
Watchdog welcomes ABI's proposals on renewals
The Financial Conduct Authority has called for businesses to improve the way they offer motor and home insurance policy renewals while it considers proposals from the Association of British Insurers to boost clarity in that area.
ABI seeking better clarity for customers on renewals
The Association of British Insurers is asking the Financial Conduct Authority to regulate on a minimum standard of information for companies to give customers when renewing their motor or home insurance policy.
Brokers and insurers hit with 3.2% FCA levy hikes
Both general insurers and brokers will have their fees to the Financial Conduct Authority hiked for the next financial year.
Insiders expect Towergate exodus to help firm integrate Fusion business
Broker believed to be hit with FCA S166 order following client money failings
Interview: David Robinson: Giving the people what they want
David Robinson tells Post how listening to customer demand has been the driving force behind his strategy since taking over as Ace regional president for UK and Ireland
Non‑Executive Directors: Talking NEDs
As a survey reveals a growing reluctance among board members to take on non‑executive positions, Post talks to some of insurance’s leading non‑executive directors to gauge their views on the evolving nature of the role
Career development: CII promotes ‘speaking up’ with new whistleblowing guide
The Chartered Insurance Institute has launched a ‘speaking up’ guide on whistleblowing as part of its ongoing ethical guidance series.
CII promotes 'speaking up' with new whisteblowing guide
The Chartered Insurance Institute has launched a 'Speaking Up' guide on whistleblowing as part of its ongoing ethical guidance series.