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DLA regulatory survey

A regulatory survey by DLA has shown that much of UK Plc's efforts to adapt to the new regulatory en...

A regulatory survey by DLA has shown that much of UK Plc's efforts to adapt to the new regulatory environment are in fact misdirected, with too many companies neglecting the procedures they have established, despite their good intentions. Companies are also failing to grasp the full scope of the powers and sanctions the regulators possess, and the effect an investigation could have. Key statistics include the fact that 88% of companies did not know the Financial Services Authority (FSA) can use

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FCA proposes 1.4% fee rise for broker block

The Financial Conduct Authority is consulting on raising levies from brokers by 1.4% in 2026/27 – double its annual budget increase – as it also laid out its work programme going into the second year of its five-year strategy.

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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