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.
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”.
Complaints hit 3.32m for first half of 2017
PPI still makes up the majority of complaints to financial services firms.
Quizzical Questions: 20 October 2017
Test out your market knowhow with our weekly quiz.
Broking break: Your Top Five
A telematics deal, Stackhouse Poland's financial results, CII's sale of Aldermanbury, the 2017 Broker Apprentices and an FCA survey make up the most read stories of this week.
FCA survey reveals gaps in consumer insurance knowledge and take-up
Regulator publishes findings of its largest research pool with UK consumers.
The productivity gap
Biba’s Steve White argues that the heavy burden of regulation is stifling productivity for brokers.