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 to tackle dual pricing in general insurance market study
Chief executive highlights it will consider “all possible remedies” to make the market work for consumers.
Liberty responds to being hit by £5.3m FCA fine
Insurer no longer sells mobile phone insurance to new customers.
FCA fines Liberty Mutual £5.3m
Watchdog hits insurer for failures in its oversight of mobile phone insurance claims and complaints handling.
Complaints hit record high in first half of 2018
FCA says number of complaints about financial services firms reached 4.13 million with PPI top of the list.
FCA issues third insurance scam warning in three weeks
Regulator tells public to be “especially wary” of dealing with Youcompareinsurance.
Podcast: The top five stories of the week
Ida Axling and Emmanuel Kenning discuss Simon Cooter's decision to leave Covéa in 2019 and FCA warnings on clone brokers.
Blog: The hidden sting in the SMCR regime
Jo Chatterton of Fox Williams unpicks some of the staff management difficulties arising as a result of the regime.
Quizzical questions: 26 October 2018
Test your knowledge of the week's news with our topical quiz.
£3.7bn paid out on PPI since launch of FCA's Arnold Schwarzenegger campaign
The regulator said advertising featuring the actor had increased consumer understanding of PPI and led to 3.7m complaints being made.
Clone broker claimed to be from FCA, says Ellis David
The firm’s director stressed that he hoped the fraudsters are “prosecuted to the full extent of the law” now that the regulator is aware of the crime.
FCA warns on clone of Ellis David Insurance Brokers
The regulator advised on fraudsters using details of authorised companies to scam customers.
FCA issues another clone broker warning
Unicominsurance.net appears to have been taken down.
FCA grants more SMEs access to FOS
Regulator also consulting on raising maximum compensation limit to £350,000.
A look at Insurance Hound’s most read by brokers in August and September
Which topics have been grabbing brokers’ attention?
Dual pricing – the “crack cocaine” of insurance
Experts respond to the Citizens Advice super complaint.
Opinion: Salient Solutions director Clare Ryder on the changing face of insurance
Ringing the changes: Is insurance facing the same old problems? Clare Ryder revisits the market
FCA to launch dual pricing investigation in “a few weeks’ time”
Regulator makes promise as Citizens Advice launches £4bn super-complaint.
Quizzical questions: 28 September 2018
Test your knowledge of the week's news with our topical quiz.
FCA warns of clone firm Minsura Insurance
Car insurance fraudsters targeting people in the UK in online scam.
Blog: Regulation and non-domiciled insurers
Nick Garner, of Financial and Legal Insurance, examines the FCA guidance on due diligence and argues that non-UK domiciled providers are not monitored with the rigour they should be.
Podcast: Allianz’s Sarah Mallaby gives her view on five stories from the week
Mallaby discusses Marsh’s takeover of JLT, cyber issues in the market and insurance fraud.
FCA warns on clone of Direct Line’s UK Insurance
The genuine authorised firm does not sell to the public through the brand.
Broking Break - Your Top Five
Deals, management exits and FCA guidance were among the top five most clicked on stories by brokers this week.
Quizzical questions: 14 September 2018
Test your knowledge of the week's news with our topical quiz.