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Aascent recognises that regulation by the Financial Services Authority is challenging for brokers la...

Aascent recognises that regulation by the Financial Services Authority is challenging for brokers large and small and is pleased to support the Professional Broking FSA Regulation supplement.

The supplement aims to tackle areas of most concern to brokers. In this era of best practice and best advice, premium finance should also be a critical element. Aascent provides many features in line with FSA requirements - including exact funding dates based on policy inception, credit insurance on the client and the insurer, and flexible funding dates - which can help brokers maintain peak performance in the newly regulated environment.

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FCA proposes 1.4% fee rise for broker block

The Financial Conduct Authority is consulting on raising levies from brokers by 1.4% in 2026/27 – double its annual budget increase – as it also laid out its work programme going into the second year of its five-year strategy.

ManyPets confirms social media clone

Pet insurance managing general agent ManyPets has confirmed a customer was contacted by an X account impersonating its brand and has issued a warning on how increasingly convincing scammers can appear.

Aviva responds to Direct Line’s £10.6m fine

Aviva has confirmed it was fully aware of the ‘historical’ accounting errors that have led to the Prudent Regulation Authority hitting Direct Line Group with a £10.6m fine and stated there will be no impact on the integration or the financial benefits it expects from the takeover.

PRA fines Direct Line underwriter £10.6m

The Prudential Regulation Authority has fined UK Insurance Limited, a subsidiary and principal underwriter of Direct Line Group and now part of Aviva, £10.625m for a miscalculation of its Solvency II balance sheet during 2023 and 2024.

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