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Task Force studies

The Better Regulation Task Force has announced its first programme of studies for 2003/4. It will lo...

The Better Regulation Task Force has announced its first programme of studies for 2003/4. It will look at whether litigation is the most effective and efficient regulatory tool for settling claims. Its study will examine whether the risk of litigation promotes good practice and compliance with the law, the impact of the fear of litigation on businesses and individuals, the efficiency of the claims process, accessibility and likelihood of people abusing the system.

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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

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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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