Financial Conduct Authority (FCA)
Watchdog undertaking small broker client money review
FCA is looking into arrangements of smaller brokers ahead of publishing revised client money rules.
Brokers warned to "be aware" of watchdog's investment review
Warning comes after the Financial Conduct Authority issued investment incentive guidance.
Biba launches 2014 manifesto
Trade body targets 'disproportionate' regulation costs.
FCA 2013 insurance fines soared 160% to £44.6m
Broker-specific fines rose to £9.76m, mainly fuelled by the JLT and Swinton penalties.
Homeserve hit with proposed £34.5m FCA penalty
Watchdog tackles historic issues as firm ups provision for mis-selling by £30m.
Foxy Lady Insurance launches register for 'female friendly' brokers
Brokers will be subject to numerous reviews to ensure customer service is up to standard.
Goldwin joins PKF Littlejohn as insurance partner
New arrival is seventh insurance partner at firm.
UK General adds two to schemes team
Leeds-based specialist insurer creates product development manager role.
Biba "encouraged" by professional standards debate
CEO Steve White hails "growing number" of brokers interested in raising industry standards following launch of new broker body.
Insurance Brokers Standards Council launched
New broker body will not accept funding from outside the broking community but is keen to work with Biba and the CII.
FCA forces Money Supermarket into cash-saving clarification
Regulator raised "concerns" about price comparison website's recent advertising campaign.
JLT insists it has "put in place updated policies"
FCA-fined broker confirms systems and procedures were inadequate.
JLT fined £1.8m by FCA over bribery and corruption risks
Punishment handed down for “unacceptable” approach to bribery and corruption risks from overseas payments.
FCA fines Porta Verde over mis-sold insurance
Firm's ARs used high-pressure sales tactics and misleading information.
FCA holding fire over Towergate misallocation
Regulator says it cannot prevent every incident before it happens.
Regulator's gaze falls on wholesale insurance
Regulator is already engaging with insurance trade bodies about wholesale insurance.
Editor’s letter - December 2013
“On Insurance Age we have been writing about the risks around client money for more years than I wish to remember, as has the regulator”
FCA puts comparison sites under spotlight
Regulator to investigate “key concerns” over how customers use aggregators
KPMG was Towergate auditor when client money misallocation took place
Broker has stated that misallocation will have no impact on clients, partners or earnings.
UKGI urges brokers to provide evidence of file monitoring
Issues came to light during series of workshops.
Hodges: Property underwriting sale is "not a sign of weakness"
Towergate Group CEO defends decision to sell division to Peter Cullum-backed venture.
Towergate client money issues "unforgivable"
Compliance experts deem long term misallocation of money "worrying".
Hodges insists £15m misallocation has been "immediately rectifed"
Bondholder report reveals that £15m was misallocated between November 2007 and January 2011.
Towergate admits to misallocating £15m of client money
Consolidator notified Financial Conduct Authority.