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 reveals budget increase for 2017/18
Regulator's total annual funding requirement up 1.5% to £526.9m.
Brokers’ FSCS levy rises by £5m for 2017/18
New broker levy set at £18m as a result of an expected increase in PPI claims.
Quizzical questions: 7 April 2017
Test your knowledge of the week's news with our topical quiz.
Broking Break: Your Top Five
New logos, people moves, acquisitions and secret FCA warnings make up the most read stories of this week.
Secret FCA warnings issued to brokers revealed
The regulator confirmed that 18 senior broking executives received private warnings between 2011 and 2017 compared to one insurer boss.
Brokers welcome Stuart Reid back to the industry
Reid has been exonerated by the FCA and ponders return to the market later this year.
Stuart Reid exonerated by the FCA
Former Gallagher UK Retail CEO contemplating return to the market.
Quizzical questions: 31 March 2017
Test your knowledge of the week's news with our topical quiz.
Broking Break: Your Top Five
Regional expansion, a new online proposition and three stories involving regulatory bodies dominated the news in the past week.
FCA finds poor practices and warns on broker fee disclosure
Regulator says research shows some motor brokers and insurers fail to clearly disclose fees and how they were calculated.
Opinion: Branko Bjelobaba on the Insurance Distribution Directive
The FCA’s consultation on the Insurance Distribution Directive ends soon and Branko Bjelobaba wonders if the IDD goes far enough
Broking Break: Your top five
The jailing of a fraudster led the clicks this week, followed by profits, a buyout, an FCA warning and an apology from the CII.
FCA warns of fake emails that appear to use its address
Regulator urges recipients to delete emails without opening them.
#Insagepeople: 20 - 26 March 2017
Keep up to date with the latest people moves.
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