Financial Services Authority (FSA)
Biba gives "cautious welcome" to FSA proposals
The British Insurance Brokers' Association (Biba) has given a "cautious welcome" to the Financial Services Authority's (FSA) Financial Services Compensation Scheme (FSCS) funding model.
FSA consults on FSCS funding model
The Financial Services Authority (FSA) has confirmed new funding rules for the Financial Services Compensation Scheme (FSCS).
Law firm issues mis-selling warning after FSA guidance
A leading law firm has warned firms to be "extremely careful" in designing sales incentives following the guidance issued by the Financial Services Authority (FSA).
FSA in talks with banks over PPI claims deadline
The Financial Services Authority (FSA) is reported to be in talks with the banking industry to set a deadline for customers being able to claim for mis-sold payment protection insurance (PPI).
FSA publishes mis-selling and incentive scheme guidance
The Financial Services Authority (FSA) has published final guidance in a move to help firms avoid creating and running incentive schemes that "drive mis-selling".
Banned broker faces bankruptcy over £200,000 FSA fine
A South Wales-based insurance broker has been banned from working in the financial services industry and fined £212,237 by the Financial Services Authority (FSA).
Perfect storm
Brokers face a volatile year of regulatory change
Banks' PPI costs could double to £25bn
Banks may be forced to pay £25bn in repayments for payment protection (PPI) mis-selling, according to The Times.
An honour to the profession
There comes a point over the festive period when the magic wears off. You’ve eaten too much turkey, ham and chocolate, seen a bit too much of certain family members, and Love Actually is on TV for the 243rd time.
Libor scandals drive record FSA fines of £312m
The Financial Services Authority (FSA) handed down a record-breaking £312m in fines in 2012.
FSA confirms extra packaged accounts proposals
The Financial Services Authority (FSA) has confirmed it will be implementing two further proposals to its packaged bank account rules.
Queen labels FSA "toothless"
The Queen has blamed the Financial Services Authority (FSA) for lacking "teeth" ahead of the 2008 financial crisis.
Barclays appoints FSA's Sants as compliance chief
Barclays has appointed former Financial Services Authority (FSA) chief executive Hector Sants to its newly-created role of head of compliance and government and regulatory relations.
Editor’s letter - December 2012
“Innovation, professionalism and sheer determination are just some of the qualities that have helped brokers turn the threats in 2012 into opportunities”
Reportage: Merry Christmas?
It’s been a busy and a tough year for many brokers, but the industry has risen to the challenges and is ready to face big changes on the horizon for next year. Edward Murray reports
Brokers face £20m hike in FSCS levy
The Financial Services Compensation Scheme (FSCS) has indicated that it will demand a further levy of £21m from the insurance intermediary sub-class in the first quarter of 2013.
Biba urges government to re-think regulatory approach
The British Insurance Brokers’ Association (Biba) has called on the government to address regulation issues and to provide more support for the general insurance broking sector in the upcoming Autumn Statement.
HomeServe profits rise but falling customers impact revenue
HomeServe has reported an operating profit of £27.1m for the six months ended September 2012.
FSA hits CPP with joint-largest retail fine of £10.5m
The Financial Services Authority (FSA) has fined Card Protection Plan (CPP) £10.5m for mis-sellling insurance products, the joint largest retail fine ever.
Insurer regulation costs hit £730m
The UK general insurance sector is now paying well over £730m a year to cover the direct costs of regulation and compliance, according to research from Reynolds Porter Chamberlain RPC).
Broker Expo: Taking the regulation shackles off
Eric Galbraith, chief executive officer of the British Insurance Brokers’ Association (Biba) has reassured brokers that the trade body was urging government to “take the shackles of regulation off”.
New regulator rolls out road to power
Consultation paper tempers broker concerns over FCA’s future role
Time to fight the FSCS good fight for brokers
Much hullaballoo has surrounded the FSA's proposed FSCS reforms, aka another broker stitch up.
Biba puts forward 'ring-fenced' FSCS proposal
The British Insurance Broker's Association (Biba) has urged that brokers should be ‘ring-fenced' from other intermediaries as part of the Financial Services Compensation Scheme (FSCS) funding model.