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.
FCA insurance skilled person investigations tick up again
The Financial Conduct Authority commissioned two skilled person reports in the insurance sector during the second quarter of 2025/26, following on from one in Q1 and a recent record total in 2024/25.
FCA issues warning of Close Brothers clone
The Financial Conduct Authority has issued a warning of fraudsters trying to scam people as a clone of Close Brothers.
FSCS declares Scottish broker in default
The Financial Services Compensation Scheme has declared Scottish broker Arthur Temlett, trading as Abacus Insurance Consultants, as being ‘in default’ in its latest update on the ongoing situation.
FSCS steps in for failed Gibraltar insurer Premier Insurance
The Financial Services Compensation Scheme has stepped in to protect over 16,000 policyholders of failed insurer Premier Insurance Company Limited as it highlighted the identity of the Gibraltar-based motor provider.
FCA claims it is already overseeing changes following Which? super-complaint
The Financial Conduct Authority has highlighted it has already identified issues that need to be fixed in the home and travel insurance market and is focused on making sure the changes required are made following Which? filing a super-complaint.
Fairer Finance urges FCA to go ‘back to the drawing board’ after Which? super-complaint
Independent consumer group Fairer Finance has welcome Which?’s super-complaint issued to the Financial Conduct Authority today targeting the ‘broken’ home and travel insurance markets.
Which? hits FCA with super-complaint over ‘broken’ home and travel insurance markets
Which? has submitted a super-complaint to Financial Conduct Authority over market failings in home and travel insurance.
‘Short-changed’ motorists getting £200m claims payments boost – FCA
The Financial Conduct Authority has estimated 270,000 motorists will get £200m in compensation for historic insurance claims that were underpaid.
FOI: FCA confirms meetings with Google, Meta and TikTok but ghost broking not discussed
The Financial Conduct Authority has held 11 meetings with Google, Meta and TikTok over the past three years, a Freedom of Information request by Insurance Age has revealed.
Is the FCA better the devil you know over self-regulation?
A self-regulated insurance industry could lead to a lack of consumer trust, brokers have told Insurance Age, as they called for a reduction in compliance costs and improving the efficiency of the Financial Conduct Authority instead.
‘Scrap the FCA’ – Arron Banks unveils Reform’s ideas for a self-regulating insurance industry
Arron Banks has revealed Reform UK is considering scrapping the Financial Conduct Authority, allowing brokers to self-regulate, if it forms the next government.
FOI: Almost 19,000 hours logged by FCA in premium finance review
The Financial Conduct Authority logged 18,864 man hours during its review into premium finance for motor and home insurance, with brokers making up 32 of the sample firms, a Freedom of Information request from Insurance Age has revealed.
FCA outlines rule change to reduce data collecting burden
The Financial Conduct Authority has confirmed 36,000 firms will now no longer need to submit a nil return when completing certain tasks relating to disciplinary action saving them time and reducing burden.
Blog: Plugging gaps in the Appointed Representatives regime
David Allison, head of intermediary consultancy south at Insurance Compliance Services unpicks the latest move, this time from HM Treasury, on how the legislation underpinning the Appointed Representatives (AR) regime might change.
Blog: Misconduct is in the headlines again – accountability matters
Isabella Macfarlane, head of London Markets at ICS, and a former Financial Conduct Authority lead on non-financial misconduct, explores how the regulator’s new policy statement could affect brokers small and large.
FCA opens 2025/26 with one S166 in insurance
The Financial Conduct Authority has confirmed commissioning one skilled person report in the insurance sector during the first quarter of 2025/26, after a recent record total the year before.
FCA to consult on £9bn – £18bn motor finance compensation scheme
The Financial Conduct Authority will consult on a proposed compensation scheme for motor finance customers after a Supreme Court ruling on 1 August.
Supreme Court rules on motor finance
The Supreme Court handed down its motor finance judgment on 1 August ruling in favour of the lenders in two out of three cases.
People Moves: 28 July – 1 August 2025
Stay in the loop with the latest insurance personnel moves.
FCA’s Brewis set to leave for KPMG
Matt Brewis, director of insurance at the Financial Conduct Authority, will be leaving the regulator to join KPMG UK in the new year.
Experts respond to ‘much ado about nothing’ FCA premium finance review
“After weeks of speculation, the overall feeling is one of ‘much ado about nothing’ – especially if you’re a firm doing the right thing,” said Michael Sicsic, managing partner of Sicsic Advisory, on the Financial Conduct Authority’s premium finance…