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AIG delays 10-K again, admits possible $1.2bn hole in figures

American International Group (AIG) has announced that it has delayed the publication of its 2004 annual report for the second time.

The company announced that its report, known under Securities and Exchange Commission (SEC) regulations as a Form 10-K, will be published no later than 31 May as its ongoing internal review of its

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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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