Financial Conduct Authority (FCA)
Appointed representatives - A rose by any other name
James Sharp argues that insurance broker ARs should get a new name following the FCA review.
Broking break: Your top five of the week
This week's top stories include a deadline for renewal transparency, redundancy at Allianz, GRP buy and NIG details the expansion of its online commercial product.
FCA gives 1 April deadline for renewal transparency
New rules for personal lines make disclosure of last year’s premium compulsory at renewal.
FCA considers deadline on PPI complaints
Regulator to consult on feedback from previous consultation.
What is a principal firm?
Howard Pepper insists brokers should not be tarred with the FCA’s brush following the FCA publication of the thematic review into appointed representatives?
FCA warns principals they will be accountable for ARs’ mistakes
Regulator informs firms of its expectations after its thematic review into supervision of appointed representatives revealed "significant shortcomings".
MPs call for FCA to break up
MPs say regulator is "outdated and unfair" and merits re-examination.
Brokers say FCA's AR attack “fair”
Experts say that brokers taking on appointed representatives need to be aware of the "huge responsibility".
AR network leaders welcome thematic review findings
Biba boss highlights that with an appointed rep a firm “is lending its regulatory permission to someone else and with that lending its name”.
FCA slams oversight of appointed representatives
Regulator finds “significant shortcomings” and orders two companies to stop sales activity.
No “bonfire of regulation” post Brexit, says FCA chief
Andrew Bailey said he does not foresee a “great bonfire of regulation” as watchdog sets up department to deal with EU exit.
Allianz rolls out new initiative to prevent SME underinsurance
Insurer previously confirmed it would no longer apply average to SME claims.
Experts urge brokers to abide by the rules following Towergate's £2.6m fine
The FCA says it has previously issued warnings to the industry on the importance of complying with client money rules.
Towergate accepts £2.6m FCA fine
Consolidator hit by £2.6m fine from regulator for client and insurer money failings.
FCA fines Towergate £2.6m
Regulator discovered a number of weaknesses in relation to Towergate's protection of client and insurer money.
Former FCA boss Wheatley paid £827,000 for final year
Increase includes pay to 31 July 2016 after leaving in September last year.
FCA issues statement on financial regulation status after Brexit vote
Regulator monitoring developments and liaising with Bank of England.
Sarah Dalgarno moves across to lead legacy resolution unit at Towergate
Firm starts process of recruiting interim chief risk officer.
FCA fines and bans two insurance brokers
Terence Joint and Vroni Mavis O’Brien cited for failings on client money.
Biba welcomes the Enterprise Act
Association says new law is good news for the industry.
In Person: Axa's Chris Voller - Claims on the future
Axa's claims director Chris Voller on bringing claims into the digital age, new measures to tackle fraud and the implementation of Flood Re.
FCA goes on tour
Regulator aims to talk face-to-face with around 3,000 firms as it meets businesses, including brokers, across the UK.
Expertise from A-Z - Personal injury reform: Brave new world?
Claims management companies are to come under the remit of the Financial Conduct Authority. What effect will this have on the sector?
FCA cancels permissions for two brokers
Both brokers failed to pay their fees and levies to the regulator.