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 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.
FCA launches price comparison website probe
Regulator warns that consumers may "focus solely on price" rather than appropriate cover.
Video: What the Papers Say latest edition
Branko Bjelobaba, principal at Branko Limited, joins Insurance Age’s Caitlin Morrison for the latest edition of What The Papers Say.
CII launches consultation into chartered status standards
Industry body aiming to update chartered requirements.
Hiscox president warns that FCA is "hunting" for insurance "scalp"
Former Hiscox chairman in plea for broker honesty.
Fears mount over FCA name-and-shame threat
Watchdog’s plans to name firms under investigation causes dismay and confusion for brokers
CPP sets aside £55.8m to cover mis-selling penalty
Credit card insurer forced to stump up a further £1.8m to cover bill.
Starling to leave ABI amid executive exodus
Nick Starling is to leave the Association of British Insurers (ABI) in a restructure of the organisation.
Expertise in Action: Broker: Preferential treatment
Few clients are interested in commission disclosure, however, the issue of preferential treatment for brokers that produce the most business for insurers could soon face regulatory scrutiny.
FCA must remember that mud sticks
This week the Financial Conduct Authority (FCA) confirmed it now has the power to publically name firms under investigation.
FCA complaints fall in H1 2013 as GI grievances grow by 16,000
Consumer complaints reported by financial services firms to the regulator fell by 500,000 between the second half of 2012 and the first half of 2013.
FCA's decision to name firms under investigation slated as "unfair"
The Financial Conduct Authority's (FCA) decision to name firms under investigation has been criticised as "calculated to gain publicity".
FCA to name firms under investigation
The regulator has confirmed that it will now name firms under investigation.
New compliance firm aims to be "one-stop shop"
A new regulatory consulting firm has launched this month to act as a "first-choice" advisor and "one-stop shop" on regulation and compliance issues for firms in general insurance and legal services.
Biba's new compliance chief urges FCA to back off brokers
The new compliance chief of the British Insurance Brokers' Association (Biba) David Sparkes has vowed to fight for more "proportional regulation".