Financial Conduct Authority (FCA)
FCA defends secondments with ‘Big Four’ accountants
Regulator says secondments to and from Deloitte, KPMG, PwC, and Ernst & Young bring critical skills and knowledge.
Brokers urged to keep delegated authority records
Sector urges intermediaries to keep accurate records following FCA review and calls for further work ahead of Solvency II.
Brokers failing on delegated authority
FCA says intermediaries and insurers did not appear to have adequately considered their regulatory obligations.
FCA claims review a “wake-up call”
Industry admits more work is needed on claims following regulator’s findings
Editor's letter - June 2015
“Brokers… should undoubtedly deliver leadership in making sure that SMEs are best protected”
FCA considers further strengthening of PPI complaints rules
Regulator issues statement to follow up Supreme Court ruling in Plevin v Paragon Personal Finance.
FCA review could lead to fines or penalties for Arthur J Gallagher
Regulator to look into UK governance and control framework following management changes.
ABI defends insurers on SME claims
Association responds to FCA review and says insurers “committed to delivering best possible claims service”.
FCA review hits out at poor insurance claims service for SMEs
Regulator warns industry that customers need to be put at the heart of the claims service.
FCA finds firms failing on premium finance advice
Regulator says insurers and brokers sometimes fail to provide enough information about payment options to customers.
Brokers disquiet over FCA fees hike
Regulator proposes 8.4% increase in fees but brokers question if rise is justified
Editor's letter - May 2015
“At a time of 0% inflation how is an 8.4% rise justified? Are you 8.4% more in need of regulation than you were this time last year?”
Law firm warns on add-ons after FCA fines Moorhouse
Pinsent Masons says the regulator is taking an ongoing interest in the add-ons market.
Moorhouse apologises for failures leading to FCA fine
Broker claims the issues identified by the regulator were addressed 18 months ago.
FCA bans former insurance broker Stephen Robert Allen
Regulator finds he is not a fit and proper person to perform any function connected to a regulated activity.
Clydesdale Bank to pay biggest ever PPI fine
The FCA fines the bank £20.7m for handling PPI complaints incorrectly.
Biba chief bemoans expensive regulation as FCA proposes 8.4% hike
White highlights brokers already face the most expensive regulation in the world.
FCA points out the pitfalls of social media
Regulator’s guidance on financial promotions serves as useful reminder for brokers
FCA data shows complaints about insurance intermediaries continue to fall
Fourth consecutive half year of falling complaints.
PPI complaints fell in the second half of 2014
Overall number of complaints to financial services firms fell 7% compared to the first six months of the year.
Gocompare welcomes FCA social media guidance
Aggregator says it doesn't rely on the medium to drive business.
Select Committee slams FCA over insurance briefing
MPs warn that problems may still exist at the regulator.
FCA to raise fees as funding requirement grows 8.4%
Regulator's annual funding requirement has risen to £481.6m and fees will rise accordingly.
Brokers welcome FCA’s review of appointed representatives
Industry says attention from the regulator is a positive development and will help increase awareness of the model.