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.
Big Data could lead to insurers charging customers more, says FCA
Watchdog decides against launching a full market study.
FCA’s Joseph Smith speaks at Broker Expo Brighton tomorrow
Smith will discuss topics ranging from governance to appointed representatives and more.
Software houses welcome idea of regulation
Transactor's Ray Vincent calls for tech providers to be regulated by the FCA.
FCA’s Joseph Smith to speak at Broker Expo Brighton
Event is free for brokers and takes place at the Hilton Brighton Metropole on 22 September.
Editor's letter - September 2016
“Brokers need to avoid being complacent and must continue to focus on the crucial area of client money compliance”
AR review slams “significant shortcomings”
Brokers react to FCA’s findings that oversight of appointed representatives is not up to scratch
End to uncertainty over client money
Regulator cancels its review of client money rules, but brokers warned not to be complacent
Renewal rules add to burden on brokers
Change will be introduced as the market adjusts to Insurance Act and IPT increase
SSP says it will remove brokers from FCA-requested list
Software house admits that FCA has asked for a list of brokers affected by outage but offers firms the chance to be removed from the list.
SSP outage unlikely to be solved today
Software provider says it has informed the FCA and MIB about the service interruption.
InsurTech Futures: Eight UK insurtech start-ups to watch
Earlier this month Oxbow Partners produced an interesting infographic on where Insurtech startups are concentrating their energies.
Biba welcomes cancellation of client money review
Decision on CASS 5 means rules for brokers around client money will remain the same.
Una survey shows consumers are influenced by add-ons
Organisation says 70% reported they could be influenced by add-ons, despite the FCA banning opt-out methods of selling in April this year.
Biba attacks FCA renewal warning
Association criticises the suggested FCA renewal wording, warning it is price focused and hits out at sheer number of new regulations to implement.
Appointed representatives - A rose by any other name
James Sharp argues that insurance broker ARs should get a new name following the FCA review.
Broking break: Your top five of the week
This week's top stories include a deadline for renewal transparency, redundancy at Allianz, GRP buy and NIG details the expansion of its online commercial product.
FCA gives 1 April deadline for renewal transparency
New rules for personal lines make disclosure of last year’s premium compulsory at renewal.
FCA considers deadline on PPI complaints
Regulator to consult on feedback from previous consultation.
What is a principal firm?
Howard Pepper insists brokers should not be tarred with the FCA’s brush following the FCA publication of the thematic review into appointed representatives?
FCA warns principals they will be accountable for ARs’ mistakes
Regulator informs firms of its expectations after its thematic review into supervision of appointed representatives revealed "significant shortcomings".
MPs call for FCA to break up
MPs say regulator is "outdated and unfair" and merits re-examination.
Brokers say FCA's AR attack “fair”
Experts say that brokers taking on appointed representatives need to be aware of the "huge responsibility".
AR network leaders welcome thematic review findings
Biba boss highlights that with an appointed rep a firm “is lending its regulatory permission to someone else and with that lending its name”.
FCA slams oversight of appointed representatives
Regulator finds “significant shortcomings” and orders two companies to stop sales activity.