Financial Services Authority (FSA)
Deakin insists retail CEO Blanc is in it for the long haul as AJG buys Oval
Commercial director hoping for third time lucky after Colosso and McManus exits
Industry questions FCA’s decision to probe commercial claims handling
Regulator reveals more thematic reviews to be undertaken in 2014/2015
Brokers risking regulatory fines due to ‘misunderstanding’ of Bribery Act
Compliance experts issue warning following penalties for Besso, JLT and Aon.
Regulators urged to provide value for 24% increase in costs
Commentators suggest FCA should move outside capital.
Editor's Comment: Scrutinisers under the spotlight
Insurers have long been used to proving their worth and providing their stakeholders with a healthy return on investment, but this week this particular spotlight turned on their regulators.
Regulators must prove value for money as costs hit £664m
The twin peaks regulatory system will need to demonstrate it is providing value for money after a National Audit Office report highlighted escalating running costs and concerns over staff capacity.
FCA must pursue ‘big boys’ first on add-ons
A compliance expert is calling for the Financial Conduct Authority to pursue the “big boys” first on general insurance add-ons mis-selling and demand retrospective action where mis-selling has taken place.
Aviva faces £323m bill for technical errors
Aviva is facing a compensation bill of up to £323m following technical errors that have resulted in underpayments over a number of years, according to reports.
Career file: Sir Hector Sants: Ex-FSA boss Sants selected to lead credit union task force
Former Financial Services Authority chief executive Sir Hector Sants has accepted an invitation from the Archbishop of Canterbury to chair a task group to help support the growth of credit unions.
Ex-FSA boss Sants selected to lead credit union task force
Former Financial Services Authority chief executive Sir Hector Sants has accepted an invitation from the Archbishop of Canterbury to chair a task group to help support the growth of credit unions.
FCA fines Porta Verde £25 000 for insurance mis-selling
The Financial Conduct Authority has fined Porta Verde Financial Services £25 000 after two of its appointed representatives mis-sold insurance, often to elderly and vulnerable customers.
Lloyds Banking Group firms hit with £28m FCA fine
The Financial Conduct Authority has fined Lloyds TSB Bank and Bank of Scotland, both part of Lloyds Banking Group more than £28m for serious sales incentive failings including protection products.
Brokers baffled as FCA places them in ‘high risk’ group
Aggregators say FCA probe into sector no longer relevant.
Editor’s Comment: Thematic fatigue
The old cliché goes that you should sometimes be careful what you wish for.
Pressure mounts on government to close referral fee ban loophole
Apil boss reminds insurers of responsibility not to profit from schemes.
AM Best - Top 100 insurers
AM Best's top 100 insurer rankings in full.
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
FCA reveals it has never used private investigators
The Financial Conduct Authority has revealed it has never used private investigators.
Ethics: Do the right thing
The insurance industry may need a root and branch overhaul of its approach to ethics. But with claims that companies don’t actually understand the issue, the road to restoring trust is set to be rocky.
Law report: Claim fails over fire at property
This law report has been contributed by law firm Berrymans Lace Mawer
Interview: Biba's Steve White: Bold beginnings
From ‘shouting’ at the regulator to outlining a new segmentation strategy, new Biba chief executive Steve White has already ruffled more than a few feathers in his first 100 days in the hot seat. He tells Post he’s started as he means to go on...
Insurers in the dark over how pensions deficit input will impact levies
Insurers are unlikely to find out how much of an impact a £200m pensions deficit left over from the Financial Services Authority will have on their individual levies, in spite of changes to plans that will see them contribute more.
FCA bans and fines broker £140 000
The Financial Conduct Authority has imposed a £140 000 fine on Paul Cable, of Bromley, Kent, and banned the broker from working in the financial services industry in the future.
FSA bosses Sants and Turner paid £0.5m for gardening leave
The Financial Services Authority paid its former chief executive Hector Sants and chairman Adair Turner a total of £552 178 in compensation for being unable to take on another financial services role.