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New regulator rolls out road to power

road-roll-out

Consultation paper tempers broker concerns over FCA’s future role

Regulatory issues have come under the spotlight once more with the release of the Financial Services Authority’s (FSA) ‘Journey to the FCA’ consultation paper for brokers to wade through.

Until now, there had been much focus on how the soon-to-be launched Financial Conduct Authority (FCA) will set about differentiating itself from its much-maligned predecessor.

And the reality was that the paper largely threw up few surprises. Principally, the FCA will live up to its name by concentrating, first

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ManyPets confirms social media clone

Pet insurance managing general agent ManyPets has confirmed a customer was contacted by an X account impersonating its brand and has issued a warning on how increasingly convincing scammers can appear.

Aviva responds to Direct Line’s £10.6m fine

Aviva has confirmed it was fully aware of the ‘historical’ accounting errors that have led to the Prudent Regulation Authority hitting Direct Line Group with a £10.6m fine and stated there will be no impact on the integration or the financial benefits it expects from the takeover.

PRA fines Direct Line underwriter £10.6m

The Prudential Regulation Authority has fined UK Insurance Limited, a subsidiary and principal underwriter of Direct Line Group and now part of Aviva, £10.625m for a miscalculation of its Solvency II balance sheet during 2023 and 2024.

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