Financial Services Authority (FSA)
Time to refine measures
The Bribery Act guidance doesn’t need to be a burden on the corporate system, says Richard Burger
Legal change to EL could stop e-trading in its tracks
A change to employers’ liability (EL) insurance could make it impossible for brokers to process policies online for at least the next year.
Sharp rise in staff exiting FSA
The number of staff leaving the Financial Services Authority (FSA) over the past year has nearly doubled as it prepares for its 2012 overhaul.
Radical product intervention could stifle choice, warns ABI
The Association of British Insurers (ABI) has called for a balanced approach by the Financial Services Authority (FSA) on product regulation that reflects the diversity of retail financial services markets in the UK.
PPI judgement welcomed by FSA but disappoints banks
The Financial Services Authority (FSA) has welcomed the High Court’s dismissal of the British Bankers’ Association’s (BBA) legal challenge to its payment protection insurance (PPI) measures.
Banks lose PPI legal challenge
The High Court has ruled in favour of the approach taken by the Financial Ombudsman Service (FOS) and Financial Services Authority (FSA) in the handling of payment protection insurance complaints.
UK General creates new MD role as part of restructure
Michael Warren has been appointed to the new role of managing director of UK General Insurance Group.
Countdown to Biba 2011: the changing regulatory landscape
With the British Insurance Brokers' Association conference now less than four weeks away, Post and Insurance Age editor-in-chief Jonathan Swift sat down with the Biba CEO Eric Galbraith to discuss the issues which are likely to come to the fore in…
Biba issues response to Treasury consultation
The British Insurance Brokers’ Association (Biba) has responded to the HM Treasury consultation: A new approach to regulation – building a stronger system, and called for proportionate, appropriate and cost-effective regulation for brokers.
FSA trebles fines to £97m
The Financial Services Authority (FSA) trebled the value of fines it collected from financial services businesses in just one year, from £33.1m to £96.7m, according to Reynolds Porter Chamberlain (RPC).
Your opinions - letter to the editor - re: article “Abiding by the Rules”
Have your say via email, LinkedIn, the Broker Forum, Twitter and letters.. Send your views to Martin Friel, editor, Insurance Age, VNU House, 32 – 34 Broadwick Street, London, W1A 2HG or email him.
Brokers are facing fallout from the Retail Distribution Review
Impact on IFAs of commission rules could see local communities suffer
Management - How to... save money and reduce your FSA risk
Mike Cranny offers a step-by-step guide on how to surrender client money permission.
PPI tops list of complaints about general insurance
Complaints made to the regulator about payment protection insurance (PPI) came second only to complaints made about banking last year.
Aon responds to Hector Sants’s financing call
Aon has called for the nature of risks posed by a firm to be taken into account when the FSA calculates fees.
Payment protection market urged to respond to Government consultation before deadline
As the period for the Treasury’s consultation on Simple Financial Products draws to a close, the protection insurance industry has been urged to respond or live with the consequences.
FSA to cap headcount as it prepares for restructure
The Financial Services Authority (FSA) has published its business plan setting out the priorities for 2011/12 and implications for its budget.
UK brokers pay three times more for regulation than any other Euro state
The British Insurance Brokers' Association (Biba) chief executive Eric Galbraith called for a fresh approach to regulation as he revealed key findings of research into the cost and future of regulation.
PPI bill could hit £4bn
Jonathan Evans MP has raised the prospect that the overall liability for payment protection insurance (PPI) mis-selling could reach £4bn.
Regulation: Abiding by the rules
As the list of financial regulators grows so, it appears, does the size of their rule books. Branko Bjelobaba hopes a review of the FSA
Polly C - the hottest insurance gossip
The regulatory oar It's no secret that the regulator is taking a more intrusive approach to its duties but word has reached Polly that a number of larger broking firms have been receiving particular and rather costly attention.
News analyisis - income protection: Aviva's short-term IP launch to support creditor market
Aviva is the latest insurer to confirm its commitment to the creditor market with the release of its short-term income protection (IP) product.
News analysis - regulation: brokers warned off overseas insurers
Brokers have been warned to take heed of current legal restrictions when they consider working with offshore providers.
Insurance Age blog: What's in a name?
Just when you had learnt what the CPMA stood for, the Government goes and changes the name of the new regulatory body tasked with keeping naughty brokers in check.