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IIB slams Economic Minister

The Institute of Insurance Brokers has criticised Economic Secretary Kitty Ussher after she claimed brokers were indirectly responsible for Independent Insurance credit card claw backs.

The comments came in a letter to Lord Hunt, who had written to her on behalf of the institute.

The IIB says it has been trying to “secure justice” for insurance brokers who had properly passed

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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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