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Treasury confirms IMD exemption

The British International Freight Association today welcomed the news that Treasury officials have confirmed that the Insurance Mediation Directive Exemption for freight forwarders has now come into force.

It follows a four year campaign by BIFA and eans that freight forwarders should be able to obtain an open cover policy without the need to register with the Financial Services Authority in order to

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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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