Financial Conduct Authority (FCA)
The Financial Conduct Authority is the conduct regulator for 59,000 financial services firms and financial markets in the UK and the prudential supervisor for 49,000 firms, setting specific standards for 19,000 firms.
Northern Ireland aggregator alerts drivers on ghost broking signs
Aggregator CompareNI has reported 49% of Northern Ireland drivers admitted they could not spot a fake insurance policy as it urged motorists to lookout for the telltale signs of ghost broking.
FCA warns young drivers not to be left on the roadside by ghost brokers
The Financial Conduct Authority has warned 17-25 year olds on ghost broking scams as research finds half of young drivers have bought insurance through social media or messaging apps.
FCA warns firms of fake texts in two-step bank details scam
The Financial Conduct Authority has sounded the alarm about scam MyFCA text messages and has urged firms not to share any information including bank details.
People Moves: 11 – 15 May 2026
Keep up to date with the latest personnel moves in insurance.
Biba 2026: Biba achieves manifesto goal with Financial Services Bill
The British Insurance Brokers’ Association has achieved its number one manifesto issue with the Enhancing Financial Services Bill being announced in the King’s Speech.
Biba 2026: Time for brokers to lead – FCA’s Sturley
Lisa Sturley, head of insurance supervision at the Financial Conduct Authority, has outlined the regulator’s aim of working collaboratively with the insurance industry to deliver “better outcomes”.
Markerstudy to sell MGA business with CUO Humphreys poised to exit
Markerstudy Group is set to sell its managing general agent arm to the parent company of insurer Tradex as it focuses on broking, Insurance Age has learned.
Analysis: Does Intact’s investment in UKGI signal a new era of insurer broker buys?
In 2025 the parent company of Top 100 UK broker Adler Fairways secured financial backing from Intact Financial Corporation. Insurer investments in brokers are nothing new, but the trend over the last decade has been divestments which raise the big…
FCA launches probe of claims management companies
The Financial Conduct Authority has launched a market review over worries that consumers are being failed by some claims management companies and law firms.
Insurance complaints up 10% but stay below recent highs
Complaints about insurance and protection rose 10.1% in the second half of last year, the only product group to post an increase.
Regulators outline changes to help streamline SM&CR compliance
Brokers should see reduced costs and greater flexibility, following changes made to senior managers and certification regime announced today by the UK's joint financial services regulators.
FCA warns on fake letters
The Financial Conduct Authority has warned of fake letters claiming to be from deputy CEO Sarah Pritchard and referencing a fake FCA employee.
FCA issues another Close Brothers clone warning
The Financial Conduct Authority has warned that fraudsters have been impersonating Close Brothers trying to scam people with a clone of the authorised firm.
Blog: Is an AR boom incoming?
As the number of independent brokers reduces year on year, is the appointed representative model the way forward to bolster competition in the market following years of consolidation? Rosie Simms ponders the question.
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.
FCA to join Biba on autumn regional tour again
The British Insurance Brokers’ Association has confirmed the Financial Conduct Authority will again join its Tour of the Regions in the autumn.
FOS and FCA reveal next steps for system reform
The Financial Ombudsman Service and Financial Conduct Authority have outlined the next steps on their joint work to modernise the redress system.
FOIs reveal no brokers directly involved in motor insurance taskforce
The Financial Conduct Authority has confirmed insurance brokers and intermediaries did not directly form part of the Motor Insurance Taskforce review, in its response to a Freedom of Information request by Insurance Age.
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.
Chris Knight succeeds Brewis as FCA insurance director
The Financial Conduct Authority has recruited Chris Knight to take on the director of insurance role within its supervision, policy and competition division starting July 2026.
FCA way off target on insurance new firm authorisation service
New data and goals from the Financial Conduct Authority have revealed the regulator is far behind the target for authorising new insurance firms, with the level of service squarely in the red zone at 81.8%.