Financial Services Authority (FSA)
Bollington reshuffles board
Bollington has restructured its board of directors and appointed Chris Patterson as group managing director.
Barrere steps down from three directorships
Bernard Barrere has resigned as director of MMA Holdings UK, according to papers filed at Companies House.
FSA ready for new regulation but at extra cost
Hector Sants, chief executive of the Financial Services Authority (FSA), has revealed that the the much-vaunted ‘twin peaks’ regulatory model will be up and running by April this year resulting in greater costs being imposed upon financial services.
So long, brave new dawn
The FSA is looking for nearly £580m in fees from the industry in its final year of existence, a 15% increase on the previous year.
FSA seeks £578.4m from financial services in final year
The Financial Services Authority (FSA) has requested £578.4m in funding for 2012/13, a 15.6% increase on this year.
TVL expands with Maestro acquisition
Tasker Ventures (TVL) has acquired Cheshire-based Maestro Insurance Services.
Lessons to learn from FSA
That broker favourite, the Financial Services Authority (FSA), has taken a bit of a pasting from the Treasury Select Committee which described the soon to depart regulator as too expensive, aloof, bureaucratic and unable to protect customers.
Protecting clients’ assets
The industry needs to get up-to-speed over new rules governing client assets, explains David Roberts
Sants claims he was talked into taking top job
Hector Sants, chief executive of the Financial Services Authority (FSA), claims he was talked into taking the job and that he would never let the former management of RBS work in finance again.
FCA chief vows to end laid back regulation
The Financial Conduct Authority (FCA) needs to make better, bolder, faster decisions and will not lie back and let financial markets run themselves.
FSA issues warning about motor broker Aston Midshires
The Financial Services Authority (FSA) has warned customers of motor broker Aston Midshires Insurance to check that their insurance policies are valid.
Jubilee calls for clarification on PPI
Jubilee has called upon government and regulator to address the uncertainty surrounding regulation of payment protection insurance (PPI) in order to let the industry grow.
RBSI firms fined £2.17m over complaints tampering
Direct Line and Churchill have been hit with a £2.17m fine by the Financial Services Authority (FSA).
Treasury aims to tackle aloof nature and expense of regulator
The Financial Services Authority (FSA) is too expensive, aloof and bureaucratic and does not protect consumers from regulatory failure.
Biba commits to regulatory focus for 2012
The British Insurance Brokers’ Association (Biba) has revealed that its main focus for 2012 will be achieving appropriate, proportionate and cost effective regulation for its members.
Capita appoints new chief of service provision from FSA
Capita Commercial Insurance Services has appointed Greg Carter as director of client services, reporting to Brent Escott, head of the general insurance division.
Momentum targets 25 new brokers in 2012
Momentum has confirmed it signed up 23 appointed representatives (AR) in its first full year of trading and has targeted another 25 broking businesses in 2012.
Covéa exerts control over UK arm with merger and rebrand
French-owned insurer MMA is to be rebranded as Covéa as part of a merger with Provident Insurance.
Brokers urged to respond to FSA consultation on PPI
Brokers have been urged to respond to the joint investigation into payment protection products by the Office of Fair Trading and Financial Services Authority (FSA) and respond accordingly.
FSA goes for former Zurich chief as new FSCS chairman
The Financial Services Authority (FSA) has appointed a new chairman of the board of the Financial Services Compensation Scheme (FSCS).
FOS to introduce £350 PPI surcharge
The Financial Ombudsman Service (FOS) has revealed plans to introduce a supplementary case fee of £350 from April 2012 for firms that have more than 25 payment protection insurance (PPI) complaints.
Biba offers sanction checking facility to members
The British Insurance Brokers’ Association (Biba) has launched a sanctions checking facility to help members comply with their obligations under the Terrorism Act and the Financial Services Authority’s (FSA) financial crime requirements.
Hastings boss to face Lloyd’s disciplinary board
Neil Utley, chairman of Hastings Direct, will face Lloyd’s enforcement board later in January over his time as boss at Equity Red Star.
Ratings downgrades may spark client flight to quality
With the number of ratings warnings increasing across the industry, brokers need to keep an eye out