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Compensation scheme gets independent seal of approval

An independent analysis has shown that the Personal Injuries Assessment Board delivers the same level of compensation to accident victims but three times faster and through a delivery system which is four times cheaper than the old litigation route.

PIAB chief executive Patricia Byron said: “This independent analysis confirms PIAB’s own internal tracking. The people who benefit most are those who have been unfortunate enough to have been injured

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FCA vows to keep pressure on premium finance APRs

The Financial Conduct Authority has said it will “continue to put pressure” on companies offering premium finance in a bid to continue lowering annual percentage rates after revealing the impact its enforcement action has had so far.

FCA’s Knight insists CPD changes are not a relaxation

The Financial Conduct Authority’s decision to ditch its 15-hour-per-year continuing professional development requirement for insurers should not be viewed as a relaxation of standards, according to the regulator’s director of insurance, Chris Knight.

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