Financial Conduct Authority (FCA)
City watchdog to probe Aviva preference shares plan
The Financial Conduct Authority has launched a review into whether Aviva broke market abuse regulations following plans to cancel its high yielding preference shares.
Regulation Q&A: From GDPR to IDD, Brexit to the future of the PRA, what do insurers really think?
The regulatory landscape is constantly evolving, With this in mind, Post asked a number of senior insurance figures about some of the most pertinent changes that are afoot from GDPR to the IDD, and how they would like the situation to develop in a post…
Analysis: Passing up on passporting
What next after the UK ruled out maintaining passporting within the European Union?
City Minister on why the government is supporting insurance as the engine of the economy
City Minister John Glen is confident the new UK framework for insurance linked securities will help the market grow.
Wrisk CEO warns politicians of barriers for insurtechs accessing government scheme
Exclusive: Politicians need to look at the Enterprise Investment Scheme to make it easier for insurtech start-ups to access it.
Interview: Andy Homer, former Towergate CEO
Industry veteran Andy Homer talks to Ryan Hewlett about life after Towergate, the insurtech world and why Brexit represents an open door for the canny Angel investor.
Analysis: Does the One Call fine signal wider issues with client money?
John Radford, 53-year-old businessman and saviour of Mansfield Town Football Club, was fined £468,600 for a “lack of competence” in his handling of client money.
Career File: Marshall Bailey
Bailey named as chair of the Financial Services Compensation Scheme
FCA reveals surge in cyber attacks
The number of reported data hacking attacks against financial services companies has quadrupled in the last year, according to figures from the Financial Conduct Authority.
FCA calls for industry input on regtech
The Financial Conduct Authority has called for input on the use of technology to ease regulatory reporting.
FCA signs agreement with US regulator to promote insurtech innovation
The Financial Conduct Authority has signed an arrangement with the US Commodity Futures Trading Commission to support each other’s insurtech initiatives, Lab CFTC and FCA Innovate.
Insurers could face claims worth millions following British Steel Pensions Scheme transfers
Insurers could face millions of pounds worth of professional indemnity claims arising from negligent financial advice given to those transferring out of the British Steel Pensions Scheme last year.
European Commission backs IDD delay
The European Commission has ratified proposals put forward by the Financial Conduct Authority to postpone the application date of the Insurance Distribution Directive.
FCA names Bailey incoming FSCS chair
The Financial Conduct Authority and the Prudential Regulation Authority have named Marshall Bailey as chair of the Financial Services Compensation Scheme with effect from 1 April 2018.
Dual pricing hitting vulnerable customers, says consumer watchdog
Dual pricing is hitting vulnerable customers hardest and insurers are part of the problem, according to research from Consumer Advice.
Andrew Bailey and Canadian Astronaut confirmed to speak at Biba conference 2018
Andrew Bailey, CEO of the Financial Conduct Authority and Canadian astronaut Chris Hadfield are among the speakers confirmed for the British Insurance Brokers' Association's 2018 conference.
This week: Technology, treasury and trade credit
I'm not sure who was more excited about technology in our house this week, my son discovered that virtual pets in the form of Tamagotchi are making a comeback in the UK this year while I learnt a bar has opened where robots make you cocktails.
One Call ‘regrets’ mishandling of client money
One Call said it has rectified the client money errors that led to more than £1m in fines from the Financial Conduct Authority.
One Call slapped with huge fines by FCA
One Call and its CEO John Radford have been slapped with fines totalling more than £1m by the Financial Conduct Authority.
Ten insurtech start-ups to watch in 2018 - part two
Today we feature a second quartet of businesses with their eye on the disruption prize, all of which will be worth watching out for as the year progresses.
Treasury MP promises engagement with brokers over regulation
Nicky Morgan, the chair of the Treasury Select Committee, said she looks forward to engaging with brokers over the “important issue” of lost productivity and regulation.
Insurtech launches travel insurance for people with serious illnesses
Bought by Many has launched European travel insurance for people with serious health conditions like cancer.
Brexit and PPL top of the agenda for Liiba
The London and International Insurance Brokers’ Association is to focus on getting brokers signed up to electronic trading platform Placing Platform Limited over 2018.
Allianz's Simon McGinn on treating customers, and their data, fairly
This year will see changes to how companies can use people's personal data and Simon McGinn, general manager for commercial and personal at Allianz, believes this is time to perfect the treating customers fairly mantra.