Financial Conduct Authority (FCA)
InsurTech Futures: Brokerbility joins forces with InsurTech firm
Partnership to help brokers ensure customers are not underinsured.
Broking Break: Your top five of the week
Aon, MCE's HMRC dispute, FCA spending, Integro and Aston Scott were most read this week.
The FCA spent over £400,000 on AR thematic review
Review which found "significant shortcomings" cost the regulator £417,669.
News analysis: Brokers urged to check FCA warnings
Regulator’s list of unauthorised firms is “useful and accessible” for brokers, says compliance expert
FCA reveals IDD plans
Regulator is now consulting on how to implement the Insurance Distribution Directive.
FCA: PPI deadline set for August 2019
Watchdog to launch a two-year campaign to encourage customers to decide if they should act about PPI before the deadline.
Express Gifts to pay back £12.5m for insurance mis-selling
Firm was authorised to sell general insurance products but delivered cover with “little or no value”.
FCA issues warning over Halifax and Penn
Regulator says the Yorkshire-based travel, car, life and home insurance provider is “unauthorised”.
FCA and PRA publish final changes to enforcement processes
The policy statement sets steps for the regulators to be "fair" and "command public confidence".
News analysis: FCA consultation continues as FSCS hits brokers with levy hike
Industry reels as regulator weighs up options for funding compensation scheme
Opinion: Mike Cranny on regulation
Uncertain times: Parliament and the regulator have been busy recently, but the best best way to cope with the uncertainty is “business as usual”, says Mike Cranny
FCA publishes inaugural data set on insurance claims
Regulator releases figures from 38 insurers on claims frequencies, acceptance rates and average pay-out for home, home emergency, personal accident and key cover.
FSCS broker levy increases to £13m for 2017/18
Insurers to pay £63m supplementary levy following the failures of Gable and Enterprise.
Enstar appointed as run-off manager for Gable
Liquidator Batliner Wanger Batliner confirms move was effective from 16 December.
FCA issues warning on spoofed email
Regulator urges recipients to delete the email sent on Friday without opening it.
ABI slams new proposals for FSCS funding
Trade body said it was concerned that insurers could bear additional costs.
Brokers could face 63% hike in FSCS levy under new proposals
Regulator sets out three options for changing the FSCS funding classes.
Higher FSCS levy for brokers using unrated insurers – FCA investigation
Question raised in regulator’s consultation on FSCS rules and funding.
FCA consults on FSCS rules and funding
Consultation to close in March 2017 with proposals and further consultation to be published the following autumn.
Broking Break – Your Top Five
Another court case, Biba, the FCA, Lloyd's and the Broker Apprentice come together to form the list.
FCA delays PPI feedback until next year
Watchdog pushes deadline into first quarter of 2017.
FCA says brokers may be underinsured
Regulator has warned that some brokers do not have the right professional indemnity insurance and calls on sector to review its coverage.
FCA spends £272,800 on insurance
The regulator bought its cover via insurance broker Aon for 2016/17.
Broking Break – Your Top Five
From investments to technology, from acquisitions to innovations and liquidator revelations it has been another action packed week in broking.