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ABI heralds sewer announcement

The Association of British Insurers today said the announcement by the water regulator, Ofwat, on water bills should lead to a significant reduction in the risk of sewer flooding.

Ofwat has approved plans by water companies to spend almost £1bn on sewer improvements, which will resolve the problem for over 9000 of the highest-risk homes – 90% of proposals put forward by water

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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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