Financial Conduct Authority (FCA)
Dual pricing: Capping prices risks industry profits, warns Fitch
The CMA had recommended price caps, as regulators propose solutions to the 'loyalty penalty', but the ratings agency suggests it could destabilise the market.
The Blog Spot: First impressions
Commissioning editor Laurence Eastham reflects on his first month in the insurance industry.
FCA issues warning on Instagram-based broker
The regulator believes Delta Car Insurance has been conducting unauthorised business.
FCA strengthens position on dual pricing
The regulator has published a fresh response to the CMA.
Insurers could face fines for £4bn dual pricing "rip off"
The government is set to give the Competition & Markets Authority power to bypass the courts and fine firms that exploit loyalty.
Quizzical questions: 14 June 2019
Test your knowledge of the week's news with our topical quiz.
Motor market records best year since 1985 ahead of troubled future, says EY
FCA pricing investigation and Civil Liability Act are expected to depress profitability in future years.
FCA warns of clone broker
Wentworth Insurance Brokers has been cloned by fraudsters.
#Insagepeople: 3-7 June 2019
Stay up to date with the latest people moves.
Brexit: FCA confirms extension of the Temporary Permissions Regime deadline
The deadline has been revised after originally being set for 28 March 2019.
Brokers warned over admin fees and commission
DAC Beachcroft said analysis of FCA studies found that firms do not have sufficient focus on customers.
Three insurance firms on FSCS insolvency list
List includes payment protection specialist British Insurance which was bought by Towergate in 2008, but stopped trading in 2011.
FCA warns of clone MGA
The regulator says fraudsters are using details of authorised companies to scam customers.
Research shows 50% of motorists think dual pricing should be illegal
A survey by Go Compare show half of the drivers surveyed felt it should be illegal for insurers to reserve best prices for new customers.
FCA re-examines duty of care as report warns customers at risk of harm
The regulator published a feedback statement which revealed most respondents believe there needs to be change to better protect financial services customers.
FCA data reveals fall in complaints in second half of 2018
Regulator says total amount of complaints about financial services reached 3.91m, with PPI making up 40%.
Brexit and customer fairness dominate FCA 2019/20 plans
The regulator’s Business Plan revealed a focus on “fair treatment for existing customers” amid dual pricing investigation and warned orderly transition post-Brexit is an “immediate priority”.
Experts urge brokers to look over remuneration after FCA warning on GI distribution failings
Compliance specialists say brokers need to look at the distribution chain and make sure they act in the best interest of the customer.
FCA proposes £537.7m fee budget for 2019/20
The figure is a 2% increase on last year’s with £29m to come from general insurance mediation.
FSCS names Caroline Rainbird as new CEO
She replaces Mark Neale who announced last year that he was to leave in May after nine years in the role.
FCA warns brokers to be ready for SM&CR
The regulator urged brokers to prepare early for the regime which comes into force on 9 December this year.
Podcast: The top five news stories of the week
Which articles were brokers most interested in for the week commencing 8 April 2019?
Quizzical questions: 12 April 2019
Test your knowledge of the week's news with our topical quiz.
FCA bares teeth at GI firms over treatment of customers
A "dear CEO" letter warned the GI market that the regulator will be monitoring firms to ensure they are conforming to relevant rules and meeting its expectations.