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Trade body hits out at FSA as members' insurance sales drop

The Financial Services Authority's insurance regulations could change the face of the motor insurance market as we know it, threatening motor retail business and restricting consumer choice,' according to the Retail Motor Industry Federation (RMIF).

Chief executive Matthew Carrington spoke as the RMIF published the results of a survey of motor retailers, which asked how the new regulations have affected their businesses.

"The results of this

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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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