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 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.
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