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Goshawk shareholder woes to carry on into 2009

Troubled insurer Goshawk has announced a greatly reduced loss for the 2006 year of account with $1m compared to $141m. However the board has declared the company's future is far from certain and it could be two years before shareholders see some kind of return.

In a statement issued late on Friday, the company's chairman Rory Macnamara and chief executive Michael Dawson bemoaned resignations from the group last year, but added that a return of surplus from

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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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