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.
Profit after tax up 34% at Moorhouse in 2016
According to the broker 2016 saw it develop both its direct and wholesale businesses “driving top line income”.
News analysis: FCA sends warning on renewal rules
The industry reacts after the regulator clamped down on Admiral over renewal wordings
FCA in the cold on European Brexit talks
Chief Andrew Bailey confirms that the regulator is not involved in all regulatory discussions on the UK’s EU exit.
Insurance Cares: FCA calls for “meaningful change” for vulnerable customers
Christopher Woolard calls on sector to work together to help customers with pre-existing medical conditions gain access to insurance.
#Insagepeople: 26 June - 02 July 2017
Keep up to date with the latest people moves.
Broking Break - Your Top Five
Queen's Speech, FCA probe on travel insurance for cancer patients, Admiral's renewal handling failures, launch of new MGA incubator and details of new CII qualification make up your top five stories of the week.
Quizzical questions: 23 June 2017
Test your knowledge of the week's news with our topical quiz.
The consultation on PPI cost the FCA over £473,000
Regulator notes that £3.2m of the £42.2m consumer communications campaign budget has been spent so far.
FCA probes travel insurance cover for cancer patients
The watchdog is seeking views from firms and looking for the reasons behind pricing differences.
FCA chair John Griffith-Jones to leave in March 2018
Government starts process of looking for a replacement.
FCA orders Admiral to contact customers after renewal handling failures
Insurer agrees with the regulator to contact all affected customers, following change in renewal rules from 1 April.
InsurTech Futures: Five insurance companies in FCA's second innovation sandbox cohort
Twenty four firms selected by the regulator.
Broking Break: Your Top Five
The general election, an FCA appointment, premium movements, a new commercial division and fraudulent activities make up the top clicked stories in the past week
Quizzical questions: 2 June 2017
Test your knowledge of the week's news with our topical quiz.
Brokers welcome arrival of new FCA GI director Keith Jackson
Jackson has insurer and broking experience at Aviva, Towergate and more recently Aon.
Keith Jackson joins FCA as director of GI
The former Aon man replaces Simon Green who is moving to Arthur J Gallagher.
FCA says intermediaries earned £15.9bn in 2016
Data from the regulator shows 5% increase in revenue since 2015 with commission the main source of income.
Griffiths & Armour warns broker PI “not fit for purpose”
The broker urged brokers to re-examine their own PI cover as it responded to the FCA thematic review into insurance intermediaries’ professional indemnity.
Ex FCA GI boss Simon Green joins Arthur J Gallagher
The former FCA director signs up as an independent non executive director.
Firms received 3.04m complaints in second half of 2016, says FCA
Regulator states PPI is still most complained about product.
Quizzical questions: 21 April 2017
Test your knowledge of the week's news with our topical quiz.
Major brokers caught up in FCA aviation probe
Regulator reported to be looking into "suspected conduct" but declines to comment.
FCA core fees set to dip for brokers in 2017/18
Sector to benefit from 0.6% reduction if proposed fees are confirmed after consultation.
FCA reveals budget increase for 2017/18
Regulator's total annual funding requirement up 1.5% to £526.9m.