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Polly had an email from a disgruntled broker this month venting his spleen over the Financial Servic...

Polly had an email from a disgruntled broker this month venting his spleen over the Financial Services Authority (FSA) time limits for dealing with complaints. He explained to the bemused Polly that he was having a discussion with a colleague concerning the above and was advised that "in accordance with the FSA Handbook, that if the complainant does not reply (within or after eight weeks), the firm is required to continue to comply with DISP 1.4.5R, and the time limits in DISP 1.4.5R therefore

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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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