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5 May election date raises ABI fears

Politicians were today urged to “keep the foot on the accelerator” in legislative drive to reduce uninsured driving as public opinion backs clampdown. The Association of British Insurers said these proposals must not be the ‘ innocent victim’ of the general election which - as expected - was called for 5 May.

On the eve of the end of this Parliament, the ABI has written to Alistair Darling, Secretary of State for Transport, as well as John Thurso MP, Liberal Democrat Transport spokesman, and Tim Yeo MP

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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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