Regulation
Regulation: Hong Kong's challenge
Hong Kong’s insurance industry is facing a period of regulatory upheaval as the government looks to place the city on a level playing field with other financial centres around the world writes Nicky Burridge.
Insurers and government agree Statement of Intent on social care reform
The Association of British Insurers and government have signed a joint Statement of Intent that sets out the steps needed to help people understand their long term care costs and plan to ensure adequate funding.
Ex-FSA boss Sants selected to lead credit union task force
Former Financial Services Authority chief executive Sir Hector Sants has accepted an invitation from the Archbishop of Canterbury to chair a task group to help support the growth of credit unions.
Former ABI conduct director Craig to join FCA
Former Association of British Insurers financial conduct regulation director Maggie Craig is to join the Financial Conduct Authority this month as an advisor.
Biba manifesto sparks hope the burden of regulatory cost will be addressed
FCA urged to find areas for savings and be more transparent.
Chartered status: Raising standards
Amid an industry-wide drive for improved standards, how will the CII’s consultation on changes to its corporate chartered status criteria affect firms seeking to stand out from the crowd?
FCA proposes £34.5m fine for Homeserve
Homeserve UK is facing a £34.5m fine after receiving a draft warning notice from the Financial Conduct Authority.
London market must meet challenges to retain top position says IUA
Four key issues must be tackled for London to maintain its position as a pre-eminent centre for international insurance risks, the International Underwriting Association has warned.
FCA planning Co-op Bank probe
The Co-operative Bank is facing a Financial Conduct Authority, the regulator revealed today.
FCA warns on Money Supermarket adverts
The Financial Conduct Authority has slammed a recent campaign by price comparison site Money Supermarket over claims on saving customers cash.
Brokers should brace for more reforms in 2014
Brokers should be prepared to have their earnings hit even harder in 2014 as the Financial Conduct Authority concludes its market study into insurance add-ons according to a legal expenses insurer.
Scottish Future: A significant milestone
The debate on Scottish independence passed a significant milestone on 26 November, when the Scottish Government published its Guide to an Independent Scotland.
Your say: What has changed?
I’d like to add my thoughts to the recent debate regarding an apparent new found hesitance among insurers when instructing investigators and particularly surveillance experts.
Four groups granted super-complainant status to FCA
Four consumer representative bodies have been granted “super-complainant” status by the government for the financial services sector.
FCA fines JLT Specialty £1.8m
JLT Specialty has been fined £1.8m by the Financial Conduct Authority for failing to have appropriate systems in place to guard against the risk of bribery or corruption when making payments to overseas third parties.
Industry divided over Competition Commission’s motor recommendations
CC cost-cutting suggestions include banning credit hire referral fees
FCA urged to probe premium finance arrangements after TCF accusations
Whistleblower says ‘nearly all’ big brokers are shortchanging their customers
Webinar: Hanks, Woolgrove, Moore and Jenkins discuss Aldermanbury Declaration progress
Three years on from the launch of the Aldermanbury Declaration, Post recently held a webinar to look at how the industry is going to move on and raise the professionalism bar within the UK insurance industry.
FCA fines Porta Verde £25 000 for insurance mis-selling
The Financial Conduct Authority has fined Porta Verde Financial Services £25 000 after two of its appointed representatives mis-sold insurance, often to elderly and vulnerable customers.
Three insurance industry reps nominated to PRA panel
Three insurance industry members have been have been nominated to the Prudential Regulation Authority’s practitioner panel established to represent the interests of the financial services industry.
Lloyds Banking Group firms hit with £28m FCA fine
The Financial Conduct Authority has fined Lloyds TSB Bank and Bank of Scotland, both part of Lloyds Banking Group more than £28m for serious sales incentive failings including protection products.
Insurance Technology Conference: Insurers must wake up to the risks of misusing data
Data presents huge opportunities for insurers but the potential for misusing it is a serious risk for the industry, according to speakers at Post's Insurance Technology conference.
MoJ to strengthen CMC complaints service
Legal changes announced by the Ministry of Justice will see consumers receiving compensation should they be mistreated by claims management companies.
Howden compliance chief calls for simple approach to FCA visits
Brokers should not volunteer additional information on top of what is initially requested when faced with a visit by the Financial Conduct Authority, says Howden's head of risk and compliance.