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.
At least one ghost broking network uncovered every day
The Insurance Fraud Bureau has launched a national campaign after 596 suspected ghost broking networks were identified between October 2025 and September 2026.
Which? demands ban on brokers charging high motor APRs
Which? has named and shamed motor insurance brokers charging high interest rates on monthly policies and called for a ban on the practice.
From manual bordereaux to trading agility
Pricing can now change daily, but trading infrastructure hasn’t kept pace. Matt Wellman of Applied Systems explains why manual bordereaux must go.
No ‘particular targets’ for insurance regulation simplification, says FCA
Consumer Duty will be a building block for any future work on the simplification of insurance regulations that affect brokers, according to David Geale, executive director of consumers, payments and competition at the Financial Conduct Authority.
FCA kicked off financial year with improved authorisation service bar one outlier
The Financial Conduct Authority has upped its game on authorisation service levels in categories affecting brokers, with improvements in four areas, but one notable outlier where the performance dipped.
FCA alerts of Kent-based broker clone
Quotemetoday.co.uk has made clear it has no affiliation with Quote Me Go as the Financial Conduct Authority has reported fraudsters have been impersonating the Kent-headquartered broker.
FCA’s Knight updates on cyber insurance report
Chris Knight, director of insurance at the FCA, has updated on the progress of its report into the take up of cyber insurance, and how the regulator has to keep pace with technological advancements.
Broker awaiting trial on embezzlement charges
The Financial Conduct has secured a bankruptcy order against Arthur Temlett.
FCA cancels insurance distribution business’ permissions
The Financial Conduct Authority cancelled Professional Liability Network’s permission to carry out regulated activities on 11 September 2026.
FCA opens GI consultation to reduce reporting burden
The Financial Conduct Authority has opened a consultation on minor changes to reduce the reporting burden on general insurance firms.
FCA defends Consumer Duty to House of Lords Committee
The Consumer Duty has “teeth” and is delivering better outcomes, David Geale, executive director of consumers, payments and competition at the Financial Conduct Authority, has told a House of Lords Committee.
Liquidators reveal estimated £9m hole at broker Anthony Jones
The liquidators of Kent-based Anthony Jones (UK) have released a statement of affairs estimating a £9.22m deficit, with numerous insurance businesses and HMRC facing potential losses, some as high as six figures, after the collapse of the broker.
Broker hit for £250,000 – FOI reveals insurance sector’s S166 bill
A Freedom of Information request by Insurance Age has revealed the amount spent by a broker, and insurers, on Financial Conduct Authority-mandated skilled persons reviews that completed in 2025/26.
Insurtech in five-strong FCA innovation and scale-up cohort
Insurtech Urban Jungle has joined the Financial Conduct Authority’s scale-up unit, with the watchdog promising tailored support to help it innovate, navigate regulation and grow sustainably.
James Hallam steps in as Anthony Jones appoints liquidator
Insurance broker Anthony Jones has appointed joint liquidators, with customers being offered an option to transfer to James Hallam.
Why The Mills Review is the AI starting pistol for brokers
Most coverage of The Mills Review, published on 6 July, has focused on what it does not do. There is no new AI rulebook, no new obligations and nothing specific to implement. But that somewhat misses the point, writes Robin Knowles, compliance consultant…
FCA highlights Bluefin fine as it warns on vertical business model transparency
The Financial Conduct Authority has published advice on how general insurance firms should manage potential conflicts of interest coming from vertically integrated business models.
Brokers Alec and Robert Finch banned by the FCA
The Financial Conduct Authority has banned a broking father and son following fraud and misuse of client money.
Insurers rally around FCA halted broker Anthony Jones’ customers
Insurers have rallied around the customers of paused broker Anthony Jones, promising to minimise disruption and honour existing policies.
Ex-CEO John Neal broke Lloyd’s rules – investigation finds
Following an investigation, the Council of Lloyd’s today concluded the conduct of the former CEO of Lloyd’s John Neal, “fell significantly below the standards expected of [its] senior leaders”.
FCA sounds the alarm on cloned Colchester broker
The Financial Conduct Authority has reported fraudsters have been impersonating Colchester-based Gate Insurance with a clone, in a warning issued yesterday [20 July].