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Starting the year as you mean to go on

It's the start of a new year and already 2003 looks set to be a busy one for brokers. Pundits are p...

It's the start of a new year and already 2003 looks set to be a busy
one for brokers. Pundits are predicting the market will remain hard and
the run-up to regulation by the Financial Services Authority has already
started in ernest with the publication of its consultation paper.


And the work does not stop there. Polaris' E-Market initiative is due to
kick off in April, meaning brokers without access to the internet will
have to get their acts together. Regulation by the FSA means other brokers
may

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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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