Financial Services Authority (FSA)
Broker Expo 2010: Interacting ideas
With a range of workshops, the introduction of one-to-one clinics and, of course, nearly 100 exhibition stands, Martin Friel explains why the Expo is the broker networking event of the year.
Record FSA fine prompts call for brokers to help tackle fraud
Brokers have been called on to do more to support the Financial Services Authority's (FSA) crackdown on fraudulent behaviour after the regulator imposed one of the largest ever fines on an individual.
Equity Red Star slammed for being too slow to adjust reserves
Equity Red Star should have taken quicker and more decisive action in reserving for increasing bodily injury claims according to a report produced by JP Morgan.
Goldman Sachs hit with £17.5m FSA fine
The Financial Services Authority (FSA) has fined London-based firm Goldman Sachs International (GSI), part of the Goldman Sachs Group, £17.5m for breaching FSA principles.
Margaret Cole appointed to FSA Board
Margaret Cole has joined the Financial Services Authority Board as managing director of enforcement and financial crime, effective from today, 7 September 2010.
LV sees broker business soar by over 50%
LV’s results for the six months ending 30 June 2010 have revealed a 56% increase to £300.6m (H1 2009: £193.1m) in broker business.
FSA imposes lifetime ban on broker
The Financial Services Authority (FSA) has banned insurance broker David Marriott for persistent misuse of client money after using clients funds to support his businesses and finance bonuses, salary increases and new cars.
Broker employee management system launched
Compliance Management Services has launched its paperless people management system Streamline Solutions to the wider broking community following a pilot.
Management Clinic - Closing down: Heading for the door
The Financial Services Compensation Scheme fees hike was the last straw: I'm selling my book of business. Please tell me that it is straightforward to get away from the clutches of the Financial Services Authority.
Ex Axa CEO joins Chaucer as non-exec director
Chaucer Holdings has announced the appointment of Mark Wood as a non-executive director from 1 September 2010.
Insurance Age has started blogging ... at last
Insurance Age now has its very own blog produced by the editorial team, editor Martin Friel, news editor Louise Meeson and senior reporter, Liz McMahon. Read on for the first couple of posts ...
FSA slaps Zurich UK with record fine for data loss
The Financial Services Authority (FSA) has hit Zurich UK with a record fine of £2.275m for failing to have adequate systems and controls in place to prevent the loss of customers’ confidential information.
FSA dishes out £150,000 fine as it bans five for insurance fraud
The Financial Services Authority (FSA) has banned five individuals for failings in relation to insurance fraud. It has also imposed one of its largest ever fines of £150,000 for insurance fraud on one of these individuals and £50,000 on another.
Beachcroft calls FSA’s PPI policy statement ‘very bad news’
Law firm Beachcroft has criticised the FSA’s policy statement on payment protection insurance.
FSA demands firms implement new measures to protect PPI customers
The Financial Services Authority (FSA) has given firms until the end of November to implement a set of new measures intended to help protect consumers in the payment protection insurance (PPI) market.
RPC research shows FSA resignations up 128% in a year
There has been a 128% leap in the number of staff resigning from the Financial Services Authority in just one year as the government proposes to abolish the regulator, according to city law firm Reynolds Porter Chamberlain.
Fortis completes Kwik Fit aquisition
Fortis Insurance UK has been given regulatory approval from the Financial Services Authority(FSA)for the purchase of Kwik Fit Insurance Services.
Royal Bank of Scotland Group fined £5.6m by FSA
The watchdog has fined members of the Royal Bank of Scotland Group (RBSG) £5.6m for failing to have adequate systems and controls in place to prevent breaches of UK financial sanctions.
News review: July 2010
A review of July's industry news.
Viewpoint: It's PPI payback time
After months of speculation, the letter has arrived. Andrew Welch explores just how hard brokers have been hit by this year's soaring FSCS levy as the FSA claws back cash to cover claims from mis-sold PPI policies.
Power hour: A cooperative coalition?
This month's power hour assesses the impact the Con-Dem Government has already had on insurance and debates how it will continue to influence the industry in the future. Liz McMahon reports.
Editor's comment - August 2010
If one good thing has come out of the Financial Services Compensation Scheme (FSCS) levy debacle, it is that brokers have shown there is only so much they can take.
Broker Forum: PPI - possible solution
From the broking.co.uk Broker Forum, July 2010.