Regulation
Spending Review 2010: Local authority funding cut 28%
Chancellor George Osborne has cut local government funding by 28% over the next four years but has vowed to give councils more financial control.
Spending Review 2010: MoJ budget cut to £7bn
The Ministry of Justice will have its budget slashed from £8.3bn to £7bn by 2014/15 under the government’s spending review.
Spending Review 2010: Government to cut flood defence spend
The government has outlined plans to improve flood defences for around 145 000 households but will cut spend to £2bn.
Spending Review 2010: Osborne pledges to “extract the maximum” tax from financial services
Chancellor George Osborne has vowed that the financial services sector is taxed more efficiently – starting with a permanent levy on banks.
PwC urges insurers to seek SII competitive edge
PricewaterhouseCoopers has called on insurers to take advantage of any competitive advantages which may be created by the Solvency II directive.
PwC urges insurers to seek SII competitive edge
PricewaterhouseCoopers has called on insurers to take advantage of any competitive advantages which may be created by the Solvency II directive.
IUA warns of "dearth" of regulators
A lack of qualified staff could undermine government plans to reform UK financial regulation, the International Underwriting Association has warned.
IUA warns of "dearth" of regulators
A lack of qualified staff could undermine government plans to reform UK financial regulation, the International Underwriting Association has warned.
CII welcomes Gibraltar affiliate
The Gibraltar Insurance Institute has been accepted as an affiliate institute of the Chartered Insurance Institute.
CII welcomes Gibraltar affiliate
The Gibraltar Insurance Institute has been accepted as an affiliate institute of the Chartered Insurance Institute.
Foil forms sector focus teams
The Forum of Insurance Lawyers has revised its special interest groups in a bid to strengthen its areas of sector focus and engage more effectively with members, insurers and self-insurers.
Elite CEO criticises "exaggerated" assessment of ATE market
Elite Insurance chief executive Jason Smart has argued that the views of Lord Young and Lord Jackson would prevent innocent victims from gaining access to justice.
Lord Young reaction: Foil welcomes simplified risk assessments
The Forum of Insurance Lawyers has welcomed a simplified risk assessment process as recommended in Lord Young's report.
Brit extends deadline for Apollo bid
In a stock exchange announcement Dutch domiciled Brit has confirmed an extension has been granted to the deadline for a formal bid by Apollo and CVC Capital Partners.
Lord Young reaction: Airmic supports good news for claimants
The Association of Risk Managers has has welcomed the Lord Young review as good news for claimants.
Lord Young reaction: Zurich backs report
Zurich has backed Lord Young saying risk aversion in society is a threat to the future economic and social well-being of the UK.
Lord Young reaction: ABI welcomes report
The Association of British insurers has backed Lord Young's recommendations on health and safety.
Brit extends deadline for Apollo bid
In a stock exchange announcement Dutch domiciled Brit has confirmed an extension has been granted to the deadline for a formal bid by Apollo and CVC Capital Partners.
Lord Young's report published
Lord Young, the Prime Minister’s adviser on health and safety law and practice, has published his report Common Sense, Common Safety.
CMS Cameron McKenna slams competition proposal
Law firm CMS Cameron McKenna has criticised government proposals to merge the Office of Fair Trading and the Competition Commission claiming it could the equivalent of “replacing a Rolls Royce with a Mondeo”
FSA bans broking firm founder for overchanging client £89 000
The Financial Services Authority has banned Paul Cable, director of Media and Entertainment Insurance Services, from acting as an FSA approved person for at least two years for attempting to overcharge a client by £89 000.
Government proposes single competition body
The Competition Commission and the competition functions of the Office of Fair Trading are to be merged to form a single competition and markets authority, under new proposals by the Department for Business, Innovation and Skills.
FSA defends PPI rules
The Financial Services Authority has vowed to fight the British Bankers' Association's judicial review of new payment protection insurance complaints handling measures.
MGAA letter outlines aims
The Managing General Agents' Association hopes to sign up more than three quarters of the market, ahead of its official launch in January 2011.