The British Insurance Brokers' Association ..
The British Insurance Brokers' Association has said its members will be able to pay their regulatory...
The British Insurance Brokers' Association has said its members will be able to pay their regulatory levies by instalments. In an agreement with Premium Credit, Biba members can pay their levy to the Financial Services Authority, Financial Ombudsman Service and Financial Services Compensation Scheme at a rate of 9.3% APR over ten instalments. Biba and Premium Credit will administer the scheme, and guarantee to provide the service to all association members.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Regulation
Q&A: Michael Sicsic, managing director of Sicsic Advisory
Michael Sicsic, the founder and MD of Sicsic Advisory, tackles whether the Financial Conduct Authority is as active in the market as ever, what the regulator is pushing for on premium finance, and poses the key question brokers need to be ready to answer.
Lords Committee demands FCA goes further and faster on home, travel insurance
The cross-party House of Lords Financial Services Regulation Committee has urged the Financial Conduct Authority to go “further and faster in implementing and enforcing its rules on home and travel insurance” as it warned the Consumer Duty has not yet led to improvements.
FSCS opens for claims from customers of failed broker Anthony Jones
The Financial Services Compensation Scheme has opened to claims from customers who paid for insurance through collapsed broker Anthony Jones (U.K.) but find themselves without the relevant cover and unable to recover the premiums by other means.
Which? demands ban on brokers charging high motor APRs
Which? has named and shamed motor insurance brokers charging high interest rates on monthly policies and called for a ban on the practice.
No ‘particular targets’ for insurance regulation simplification, says FCA
Consumer Duty will be a building block for any future work on the simplification of insurance regulations that affect brokers, according to David Geale, executive director of consumers, payments and competition at the Financial Conduct Authority.
FCA kicked off financial year with improved authorisation service bar one outlier
The Financial Conduct Authority has upped its game on authorisation service levels in categories affecting brokers, with improvements in four areas, but one notable outlier where the performance dipped.
FCA alerts of Kent-based broker clone
Quotemetoday.co.uk has made clear it has no affiliation with Quote Me Go as the Financial Conduct Authority has reported fraudsters have been impersonating the Kent-headquartered broker.
FCA’s Knight updates on cyber insurance report
Chris Knight, director of insurance at the FCA, has updated on the progress of its report into the take up of cyber insurance, and how the regulator has to keep pace with technological advancements.