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.
Loss adjusters challenge FCA review
Concerns raised over regulator’s review criticising claims service received by SMEs
Regulator issues delegated authority warning
Industry reacts to watchdog’s call for improvements to ensure customers are treated fairly
FCA chief Wheatley gets 15% pay rise
The regulator’s chief executive sees total remuneration go up to £701,000 in 2015.
The FCA reports £58.3m loss
Regulator also says it "fully accepts" the Davis review findings in its annual report for 2014/15.
FCA proposes measures to increase value of GI products
Regulator asks industry for feedback.
FCA questions validity of cost of regulation comparisons
Biba vows to continue to push the message of the disproportionate cost of regulation as FCA hikes fees by 8.5%.
Brokers hit by 8.5% FCA fee rise
Regulator reveals plans to consult on FSCS levy in 2016.
Craig Tracey MP plans to promote small businesses
The former Dunelm Insurance Brokers owner says government needs to understand the impact of regulation on small independent brokers.
Ex-FCA chief Adamson to join JP Morgan
Report suggests Adamson will take up non-exec director role in group’s private banking division.
FCA publishes final rules on GAP insurance add-ons
Final rules will come into force on 1 September.
FCA hires Sicsic as general insurance retail department head
Aviva group risk director Sicsic to leave the insurer and step down as chairman of Oric International.
FCA appoints two new executives
Director of enforcement and market oversight as well as director of risk and compliance oversight appointed.
Lloyds Bank hit by record £117m PPI fine
Regulator slams bank’s unacceptable conduct in mishandling claims.
Industry needs better communication, says Allianz's McGinn
Commercial general manager's warning comes after FCA review of industry's SME claims service.
FCA defends secondments with ‘Big Four’ accountants
Regulator says secondments to and from Deloitte, KPMG, PwC, and Ernst & Young bring critical skills and knowledge.
Brokers urged to keep delegated authority records
Sector urges intermediaries to keep accurate records following FCA review and calls for further work ahead of Solvency II.
Brokers failing on delegated authority
FCA says intermediaries and insurers did not appear to have adequately considered their regulatory obligations.
FCA claims review a “wake-up call”
Industry admits more work is needed on claims following regulator’s findings
Editor's letter - June 2015
“Brokers… should undoubtedly deliver leadership in making sure that SMEs are best protected”
FCA considers further strengthening of PPI complaints rules
Regulator issues statement to follow up Supreme Court ruling in Plevin v Paragon Personal Finance.
FCA review could lead to fines or penalties for Arthur J Gallagher
Regulator to look into UK governance and control framework following management changes.
ABI defends insurers on SME claims
Association responds to FCA review and says insurers “committed to delivering best possible claims service”.
FCA review hits out at poor insurance claims service for SMEs
Regulator warns industry that customers need to be put at the heart of the claims service.
FCA finds firms failing on premium finance advice
Regulator says insurers and brokers sometimes fail to provide enough information about payment options to customers.