Analysis/Regulation
What does the 2025 Budget mean for insurance brokers?
On Wednesday afternoon, after weeks of speculation (and an unprecedented early leak by the Office for Budget Responsibility), the Chancellor finally revealed her second Budget. Tom Golding, PKF Littlejohn partner considers some of the main tax changes and what these may mean for insurance brokers.
Experts say industry is improving on fair value despite FCA criticism
The Financial Conduct Authority’s findings that brokers are still struggling to provide evidence that their remuneration is consistent with fair value rules has sparked mixed reactions among people working in the sector. Ida Axling explores the fallout…
Insurance industry achieves FCA fine free 2023
The Financial Conduct Authority dished out £52.8m in fines in 2023, the second lowest total since the regulator was formed in 2013.
The FCA: 10 years on has it been a success, failure – or somewhere in between?
On 1 April 2013 insurance brokers faced a new regulatory dawn as the baton passed from the Financial Services Authority to the Financial Conduct Authority. Insurance Age canvassed opinion throughout the market to find out views on how the first decade…
In-depth: Good or bad? The looming regulation of broker software houses
Broker software houses likely face regulation amid a new law before parliament. The impending regulation has triggered debate over whether it will protect customers or add more cost and paperwork for brokers as Saxon East discovers
News analysis: A question of fair value
Brokers and insurers could face increased scrutiny as the Financial Conduct Authority zones in on fair value. Martin Friel investigates what this means for insurance businesses
News analysis: Counting the cost of appointed representatives
Experts warn that a proposed £250 AR fee by the FCA could leave many brokers out of pocket
News analysis: Brokers hit back after Mactavish stokes remuneration debate
Commission and transparency row rears its head just as brokers feel the pinch amid market hardening
Fact file: What’s the story with the Ogden Rate?
The much-debated discount rate was reset at -0.25% this week, but how did we get to this point and what is the background to this highly explosive issue? Insurance Age outlines the key touchstones
News analysis: Alpha collapse reignites unrated debate
As another unrated insurer fails the market debates if there is still a place for unrated providers
Expertise from A-Z: Taking stock of the year so far
Six months into 2016, what have been the highs and lows for the insurance industry – and what does the rest of the year have in store?
Expertise from A-Z - Personal injury reform: Brave new world?
Claims management companies are to come under the remit of the Financial Conduct Authority. What effect will this have on the sector?
Broking break: Risky Business
Our cartoon uncovers what's really going through the taxman's head
Directors’ and Officers’: We need to talk
SMEs need to be informed of the benefits of directors' and officers' insurance and that conversation must be initiated by brokers
Expertise in Action: Broker: Preferential treatment
Few clients are interested in commission disclosure, however, the issue of preferential treatment for brokers that produce the most business for insurers could soon face regulatory scrutiny.
Market moves: Silly season for appointments
The summer ‘silly season’ is just around the corner, when pickings are thin for newspapers and trade magazines. However, in the run up, there has been no dearth of appointments with brokers seemingly hell-bent on outdoing each other in the recruitment…
Market moves: The shareholder spring
Without a doubt the biggest management change last month, indeed of the year so far, was that of former Aviva group CEO Andrew Moss who fell on his sword following a shareholder revolt over executive pay. There is no word as to what he will be doing next…
Market moves: Ready for regime change
It was all about big names and big moves last month. The Financial Services Authority (FSA) lost two big players as it approaches the end of its reign as regulator.
Market moves: Mad for it
Last month things went a bit mad in Manchester, with two insurers and an MGA creating brand new teams in the city. There were numerous other appointments across the insurance spectrum, and what most of them had in common was the city that gave us Oasis.
Market moves: restructures and resignations
The blood is well and truly covering the floor this month with three high profile departures and the sacking of an entire board. But there was better news for one of their peers who has found his way back into the market in double quick time. What has…
Market moves: Dave new world
For the first time in a long time Scotland had a relatively quiet month, although Glasgow welcomed a new Mitsui Sumitomo branch. The insurer also made a senior appointment in Manchester, which was quite a hub of activity in November, with Arista and MMA…