Financial Conduct Authority (FCA)
Charles Randell to replace John Griffith-Jones as chair of the FCA
Randell to take up role on 1 April.
Review of the year: December 2017
Bluefin being fined £4m by the FCA dominated the interest of Insurance Age’s readers in the final month of there year. There were two stories in the top five but there was also room for a new MGA, a fraud court case and another look at Amazon’s insurance…
Biba welcomes proposed delay to IDD as good news for brokers
David Sparkes calls potential delay a “great” and “sensible” step.
FCA warns of unauthorised firm targeting the UK
Regulator urges insurance industry and clients to be wary of "bogus entity" Bulwark Insurance.
Review of the year: July 2017
Aviva, regulation, fraud and a big ICO fine hit the headlines this summer.
Broking Break: Your Top 5
Another acquisition and an FCA consultation were high on the most read list along with GRP’s results, Bluefin’s fine and a new MGA in Birmingham.
Review of the year: June 2017
Acquisitions, the Queen's Speech, redundancies, fraud and orders from the FCA made up the most read stories in June.
The Blog Spot: A holiday warning
Bluefin's £4m FCA fine has shaken the market and Ida Axling wonders whether this is just the first of many similar stories to come.
FCA reveals transition proposals for Senior Managers Regime
The regime replaces Approved Persons and the regulator advised it wanted most transitions to take place automatically.
Review of the year: April 2017
As we swung into Spring Swinton, FCA probes and warnings, and Towergate were all most read in the month of April.
Profile: Levelling the playing field
Biba’s Graeme Trudgill and Andy Thornley tell Insurance Age why they are passionate about moulding a fairer system for their broker members and detail the intricacies of lobbying those in the corridors of power
FCA report reveals Bluefin's targets to place business with Axa
Last week the regulator fined Bluefin £4m for misleading its customers.
Review of the year: February 2017
A booze ban at Lloyd's, Ageas, management changes at Marsh/Bluefin, a logo dispute and an FCA warning hit the headlines in February.
Bluefin’s £4m fine should serve as “wake-up call” for brokers, say experts
Compliance specialists say brokers need to ensure there are no conflicts of interest.
Quizzical questions: 8 December 2018
Test your knowledge of the week's news with our topical quiz.
The FCA fines Bluefin £4m
Regulator says broker failed to manage conflict arising from being owned by Axa in 2011 to 2014.
InsurTech Futures: FCA reveals third sandbox cohort
A number of insurance firms have joined the latest wave as part of the watchdog’s innovation scheme.
FCA's Andrew Bailey warns passporting issue must be solved
Bailey says passporting rights are "critical" to maintaining insurance contracts after Brexit.
Broking break: Your Top Five
This week's most read stories include FCA spending, Coversure's results, the Marsh rebrand of Bluefin and an Open GI deal with Brightside.
Quizzical questions: 1 December 2017
Test your knowledge of the week's news with our topical quiz.
Insurance Cares: Report warns older people overpaying on home cover
The report by Citizens Advice said that older people are being overcharged by up to £110 a year.
FCA spent £1.4m on Financial Lives report
The regulator paid other firms £647,651 in 2016/17 to conduct the survey.
Allianz rolls out new data initiative targeting underinsurance in SMEs
Provider says new data base notifies brokers if clients are at risk of being significantly underinsured.
FCA sets out fee consultation
Proposed changes include charging fees to firms who still use paper invoices and revised tariff data for calculating insurers’ fees and levies from 2018/19.