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FSA: the industry has until 2010/11 to work out commission disclosure

The Financial Services Authority has given the broking market a two year window to prove an industry led solution with regard commission disclosure can work.

"Our concern about wholesale commission disclosure, transparency and the management of conflicts of interest in commercial general insurance is longstanding. The evidence from our recent work suggests

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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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