Financial Services Authority (FSA)
Gocompare responds to FSA’s comparison site review
The only aggregator currently a member of the British Insurance Brokers' Association (Biba), Gocompare.com, has welcomed the Financial Services Authority’s (FSA) proposed guidelines for comparison sites.
Biba welcomes FSA proposed guidance for comparison websites
The British Insurance Brokers’ Association (Biba) has welcomed the Financial Services Authority’s (FSA) guidance consultation for insurance comparison websites.
FSA review reveals TCF issues for aggregators
The Financial Services Authority (FSA) has deemed it necessary to issue proposed guidance on the selling of general insurance policies through price comparison websites.
Swinglehurst's accounts in lockdown
Lloyd’s insurer Swinglehurst has reportedly had its company accounts frozen after running into tax diffculties.
Aviva looks down under for new chairman
The former chief executive of the Australia and New Zealand Banking Group, John McFarlane is to succeed Lord Sharman as chairman of Aviva according to reports.
Ombudsman's increased award limit will impact regulated firms
A professional indemnity expert has challenged the Financial Services Authority’s (FSA) claim that the Ombudsman’s increased award limit would not impact regulated firms.
Brokers call for clear risk transfer policy
Biba 2011 delegates demand FSA and ABI devise rules governing brokers’ handling of client money.
Clarification needed on credit write-backs
Insurer inconsistency over payment of credit write-backs is frustrating brokers
More judicial reviews but no certainty of success, says RPC
There will be more judicial reviews following the decision by the Financial Services Authority (FSA) to increase the top limit of awards by the Financial Ombudsman Service (FOS) however recent events mean the regulators will be “emboldened” in defending…
Judicial reviews will rise after FOS award change, warns law firm
The announcement by the Financial Services Authority (FSA) that the Financial Ombudsman Service's (FOS) maximum binding award is to be increased to £150,000 will lead to an increase in judicial reviews according to lawyers at Browne Jacobson.
FSA confirms new consumer complaint handling rules and ups FOS award limit to £150,000
The Financial Services Authority (FSA) has confirmed new complaints handling rules as part of a package of measures designed to drive up standards within the industry.
Brokers must take heed of Bank of Scotland fine
Brokers have been urged to examine their own complaints procedures following the Bank of Scotland being dealt a £3.5m fine by the Financial Services Authority (FSA) for mishandling complaints.
Consumers urged to avoid claims managment companies in PPI cases
Consumers could lose out on over £2bn in payment protection insurance (PPI) redress by going to claims management companies according to consumer protection body, Which?
Regulators reveal PRA approach
The Bank of England and the Financial Services Authority (FSA) have published a joint paper setting out the current thinking on how the future Prudential Regulation Authority (PRA) will approach regulation.
Ryan Speciality completes purchase of Lloyd's player
Jubilee Group Holdings has confirmed its sale to Ryan Specialty Group.
Conference may hold long term PPI answers
Tomorrow’s conference on banking regulation may provide some much needed clarity on the future handling of payment protection insurance (PPI) complaints, according to Paul Clark, CEO of Charter UK.
Biba 2011: Trade bodies must work together, says Homer
Insurance industry trade bodies need to join forces to solve the problems surrounding the handling of client money, according to Towergate's Andy Homer.
Customers may eventually bear brunt of PPI compensation
The decision by the banking sector not to appeal against the recent payment protection insurance (PPI) ruling may not be all good news for consumers it has emerged.
Calls for banks to settle PPI claims swiftly
The Financial Services Authority (FSA) has welcomed the decision by the British Bankers’ Association (BBA) and Nemo Personal Finance (Nemo) to accept the High Court’s dismissal of their legal challenge to the FSA’s payment protection insurance (PPI)…
Banks' PPI decision could be bad news for brokers
The banking industry's decision to abandon its appeal against the High Court's judgment on the mis-selling of payment protection insurance (PPI) could lead to a further flood of claims.
FSCS pledges to target insurers in the wake of High Court PPI ruling
The Financial Services Compensation Scheme’s (FSCS) confirmation that it will pursue recoveries from insurers involved in the mis-selling of payment protection insurance (PPI) has triggered debate over where the responsibility for the whole debacle…
FSA fines set to treble, brokers warned
Two new regulators formed from splitting the FSA could compete to set the highest fines
EL faces year without online processing
“If insurers make this mandatory, this could effectively stop e-trading [in this sector] altogether” – Simon Ronaldson, Acturis
Reportage: what is there to be afraid of?
The shake-up of the regulatory regime has got the industry in a sweat, fearing the wounded beast may put it under unwarranted scrutiny. Edward Murray looks at what it means for brokers