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 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.
Broking Break: Your top five
Mergers, acquisitions, new Ardonagh leadership and a fresh FCA inquiry all hit the headlines this week.
Quizzical Questions: 10 November 2017
Test your knowledge of the week's news with our topical quiz.
FCA launches market study into wholesale insurance brokers
Regulator says it wants to make sure the sector is fostering innovation and competition.
FCA to launch enquiry into wholesale insurance brokers
Regulator aims to ensure the wholesale market "fosters innovation and competition".
FCA warns lack of AR monitoring puts customers at risk
Regulator issues alert to principals after finding that some fail to undertake sufficient due diligence on ARs.
Quizzical questions: 3 November 2017
Have you been paying attention this week? Test out your knowledge with our topical news quiz.
News analysis: Mind the knowledge gap
Insurance education shortfall revealed by FCA creates opportunity for brokers
ABI hits out at FSCS fee proposals
Biba says brokers should not be worse off and calls again for a separate funding class.
FCA publishes fresh FSCS consultation
Regulator reveals proposals on moving protection intermediaries into the general insurance class, the Lloyd’s contribution, and fees to those dealing with unrated insurers.
PPI complaints on the rise following FCA advert, says the FOS
Two-year campaign encourages customers to act before complaints deadline in August 2019.
Insurance Cares: 50% of financial consumers could be vulnerable
Research from the FCA’s Financial Lives report reveals scale of vulnerability as it shows vulnerable customers are less likely to have “any form of insurance”.