Financial Conduct Authority (FCA)
Biba wants Senior Managers Regime date for brokers "as soon as possible"
Trade body's David Sparkes welcomes the FCA's proposal that smaller firms will move automatically to the new regime.
Blog: Is insurance under-fined?
John Byrne of regulation experts Corlytics controversially argues that brokers could see worse from the regulator and says the market should learn from the “painful lessons” in banking.
News analysis: Brokers welcome IDD delay
UK brokers did not know what the rules would look like until January this year
CBL Insurance placed in interim liquidation in New Zealand - reports
New development does not impact CBL Insurance Europe, which was stopped from writing new business earlier this week.
Podcast: The top five stories of the week
Emmanuel Kenning and Ida Axling discuss the key points from the week's news.
Quizzical questions: 23 February 2018
Test your knowledge of the week's news with our topical quiz.
Cyber hacks reported to FCA by financial firms hit 69 in 2017
FCA figures show that cyber incidents reported by general insurance firms went up from 1 to 11 in just 12 months.
FCA calls for views on how technology can simplify regulation
Watchdog believes accuracy of data submissions could be improved and costs reduced.
CBL Insurance Europe ordered to stop writing new business immediately
Brokers and partners told to inform policyholders.
BBC’s terrorism insurance spend nudges up in 2017
The insurance industry has also grown its focus on terrorism insurance products following recent attacks.
Marshall Bailey appointed FSCS chair
Bailey, a non-executive director at Chubb European Group, succeeds Lawrence Churchill.
Biba repeats call for separate FSCS levy pot for brokers
The ABI has also responded to the FCA's consultation on the levy, arguing that insurers should not have to pay for "adviser failures".
Quizzical questions: 9 February 2018
Test your knowledge of the week's news with our topical quiz.
FCA sets out plans on IDD delay
Regulator follows up on Treasury announcement.
Podcast: The top five stories of the week
Ida Axling and Siân Barton discuss the week's top five most read stories.
Quizzical questions: 2 February 2018
Test your knowledge of the week's news with our topical quiz.
Opinion: David Sparkes on why delaying the Insurance Distribution Directive is a good thing
Delays are not often welcome, but in the case of implementing the Insurance Distribution Directive it’s the best possible outcome, explains David Sparkes
The Blog Spot: Brexit, client money and embarrassment
If you can’t, won’t or don’t play by the rules expect to see money fly out of your wallet, writes Siân Barton
One Call fine “a shot across the bow”
Brokers have reacted to the huge penalty and renewal restriction that the FCA placed on One Call following client money mistakes.
Number of cyber-attacks reported to FCA rose by 80% in 2017
Financial services firms urged to take action after 69 material attacks were declared to the regulator last year.
Insurers given December start date for Senior Managers and Certification Regime
Brokers still facing a 2019 implementation date.
Brokers urged to take action on client money handling after One Call's FCA fine
Firm also faces £4.6m hit as it suffers first known renewal fees suspension.
One Call responds to huge FCA costs and £4.6m renewal hit
One Call and Radford express regret for client money “miscalculation” and insist their intention was to help consumers.
One Call faces £4.6m hit on top of £1m+ FCA fines
CEO John Lawrence Radford is also prohibited from having any responsibility for client money and/or insurer money and criticised for “lack of competence”.