Financial Conduct Authority (FCA)
Editor's comment: Time for a new strategy
Last week some new battle lines were drawn, while others pulled back their troops, took stock of the situation and dug new trenches.
FCA viewed as re-brand exercise by brokers surveyed by UKGI
The Financial Conduct Authority is seen as little more than a re-branding exercise, as opposed to a change in regulatory focus, according to brokers surveyed by compliance consultancy UKGI.
Biba 2013: Day one of BibaFever at Excel Arena
As the British Insurance Brokers’ Association (Biba) conference at the Excel Arena in London kicks off, Insurance Age and Post have teamed up with LV to bring you the definitive online coverage of the event with the video series #BIBAFever.
Biba 2013: FCA boss promises to take hard line on problem products
Industry players have been warned to “get their houses in order” by Financial Conduct Authority chief executive Martin Wheatley, who has vowed to deal with potential problems with financial products before they take root.
Biba 2013: Insurers weigh up Biba risk transfer model
The British Insurance Brokers' Association is working with Deloitte and DAC Beachcroft on proposals to safeguard risk transfer for brokers, according to chief executive Steve White.
Burgess aims for success with tried-and-tested business model
Former British Insurance boss Simon Burgess is modelling his new venture British Money as a rival to his old firm.
Biba 2013: Insurers weigh up Biba risk transfer model
The British Insurance Brokers' Association is working with Deloitte and DAC Beachcroft on proposals to safeguard risk transfer for brokers, according to chief executive Steve White.
Biba 2013: Day one of BibaFever at Excel Arena
As the British Insurance Brokers’ Association (Biba) conference at the Excel Arena in London kicks off, Insurance Age and Post have teamed up with LV to bring you the definitive online coverage of the event with the video series #BIBAFever.
Biba 2013: ABI, Biba and CILA team up to engage with FCA claims review
The British Insurance Brokers’ Association (Biba), the Association of British Insurers (ABI), the Chartered Institute of Loss Adjusters (CILA), brokers and insurers have started a new claims working group which aims to proactively and positively engage…
ABI: insurers want to offer straightforward services
The Association of British Insurers has said insurers are keen on offering products that are easy to understand and a straightforward claims process.
Biba 2013: FCA boss promises to take hard line on problem products
Industry players have been warned to “get their houses in order” by Financial Conduct Authority chief executive Martin Wheatley, who has vowed to deal with potential problems with financial products before they take root.
Interview: Jon Hancock and Dan Wilkinson: Building bridges with brokers
RSA Commercial managing director Jon Hancock and recently appointed mid-market regions director Dan Wilkinson, the former Willis UK Retail chief executive, discuss broker plans for Biba and beyond.
Government introduces Mesothelioma Bill
The Government has introduced the Mesothelioma Bill which will pave the way for a ‘Diffuse Mesothelioma Payment Scheme’.
Managing General Agents: In it together
Boasting members from insurance, IT, consultancy and legal services, the Managing General Agents’ Association could be accused of spreading itself a bit thin. But it’s clear in its goal: to give MGAs their own identity
Broking Supplement: Comment - Steve White
Biba's new chief executive Steve White looks forward to the challenges he will face in his new role.
Broking Supplement: Taking heads - Matters of opinion
The last 12 months have been busy for the broking sector with a new regulatory regime, the continuing financial crisis and the battle against the current Financial Services Compensation Scheme all occupying the minds of intermediaries. Post caught up…
Telematics Expo: ABI pre-empts telematics regulation with new guide
Trade bodies can play an important role in the development of the telematics industry, particularly in warding off the threat of regulation, according to Association of British Insurers policy adviser Ben Gaukrodger.
Industry, regulator and government at ‘watershed’ over ERN
The Financial Conduct Authority has confirmed employers' liability insurers and intermediaries have until 1 April 2014 to capture and supply the Employer Reference Number at the point of policy inception of renewal.
Affinity Partnerships: Finding the perfect fit
To achieve success in the affinity market, insurers must be careful to foster mutually beneficial relationships with the right partners and ensure they select relevant products
Banks’ PPI problem sees insurance complaints on the rise once again
Consumer complaints about payment protection insurance are continuing to rise, with the total number of complaints in the second half of 2012 increasing by 5%, compared with the previous six months, to 2.17 million.
Editor's comment: Border control
As a UK passport holder I am welcome to roam Europe at will and take in the sights, scenes and delights.
Regulation: A heavy crown
The downfall of the Financial Services Authority was met with resounding support. However, as its successors take over sceptics ask whether the twin peak model might create more discontent in the industry.
FCA warns of ‘clone’ insurance broker
The Financial Conduct Authority has issued a warning over an unauthorised firm trading under a similar name as the established and FCA-regulated insurance mortgages intermediary, KBP Insurance Service.
Lloyds TSB tops FCA insurance complaint figures
Payment protection insurance complaints are continuing to rise in the latest data from the Financial Conduct Authority, with Lloyds TSB subject to the most insurance complaints in the second half of last year.