Compliance
Broker trade bodies want lower regulatory barriers
The British Insurance Brokers’ Association (Biba) and the Institute of Insurance Brokers (IIB) have called for regulatory barriers to be lowered and for the current inappropriate style and intensity of regulation to be reformed.
Compliance consultant wants client name cleared, not apology
The compliance consultant at the centre of a bullying claim with the regulator has insisted she wants her client’s reputation cleared rather than receive an apology.
FSA to apologise over "bullying" TCF assessors
The Financial Services Authority (FSA) has said it will apologise to a firm's compliance officer for the conduct of two treating customers fairly (TCF) assessors during a supervisory visit after an official complaint was upheld.
UK firms feel FSA scrutiny puts them at a disadvantage
The Financial Services Authority’s (FSA) post-crisis clampdown may be harming the UK’s international competitiveness, according to research among senior financial services executives.
Autonet creates senior compliance role to support growth
Autonet Insurance Group has appointed Jenny Devaney to its board in the new role of compliance director.
Ecclesiastical creates new compliance role
Ecclesiastical has appointed John Schofield to the newly created role of director of group internal audit and compliance.
Regional round table - Bournemouth: Fraud focus
Our expert panel discusses how the Insurance Fraud Register and other developments in the market will impact brokers' attitude to fraud. Liz McMahon reports.
Regulation costs three times more in UK than rest of EU
The British Insurance Brokers’ Association (Biba) has made the first real attempt since regulation was first applied to general insurance brokers to quantify just what it costs for brokers to remain compliant.
Reportage: Facing up to networks
With networks increasing in popularity, Emmanuel Kenning recounts their development and looks to the future of this crucial market sector.
Regulation preventing brokers from growing their businesses
A survey of Insurance Age readers has found that nearly 95% of brokers in the country find it more difficult to do their day to day job as a direct result of regulation.
The interview: The charisma in compliance
When Steve White joined Biba in 2004, he brought with him a unique understanding of the application of FSA rules to insurance broking. He has since gone on to be crowned Compliance Personality of the Year 2010. Liz McMahon reports
Start-up brokers: New Year, new start-up?
What's on your New Year's resolutions for 2011? Get fit, give up the fags, start a new broking business? Malcolm Lee sets out what you need to consider to be a successful start-up broker.
Market Watch - Networks: Opening connections
Emmanuel Kenning argues that broker networks are becoming more popular, though managers need to think carefully about the offerings available through them before committing their firms.
Reportage - FSCS redress: Speak now...
Colin Darnell gives practical advice on how brokers can act to mitigate the significantly increased FSCS levy as well as potentially help shape future funding arrangements.
Reportage - Coping with regulation: A regulatory health check
Whether they choose to call in a consultant, turn to their network or go it alone, brokers have a few options available to them when it comes to handling the pressures of regulation. Edward Murray explores the pros and cons of the different approaches.
Focus - Start-ups: Making your own space
Edward Murray investigates the key considerations involved in establishing a new broker
Broker employee management system launched
Compliance Management Services has launched its paperless people management system Streamline Solutions to the wider broking community following a pilot.
News: Quinn saga highlights 'chicken letter' risks
Brokers have been warned against relying too heavily on disclaimers to protect themselves from breaching their duty of care, in light of the recent Quinn scare.
Management Clinic: Don't overlook expenses
When we sell or renew car insurance we search the market for the best quote, but only offer legal expenses from one insurer. Why do I have to tell my clients that I am not giving them a choice in this?
Hubbard bags another non-exec role
Total Broker Solutions (TBS) has announced two senior appointments to its board.
Former Jelf director hired by Brit
Peter Grocock to head the insurer's Bristol branch
Why disclose?
No one ever asks me about my commissions and I am not going to change anything. What's the big deal?
HSBC hit with multi-million pound fine
The FSA fine three HSBC firms for being careless with personal data