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Government review calls for FSA changes

A review conducted by QC Lord Davidson for Chancellor Gordon Brown has said the Financial Services A...

A review conducted by QC Lord Davidson for Chancellor Gordon Brown has said the Financial Services Authority should make some radical changes in the way it implements the Insurance Mediation Directive. The review calls for the removal of the requirement for insurers to check that each intermediary in the supply chain is authorised. There are also calls for a cut down in the amount of data required by the Retail Mediation Activities Return and a reduction and simplification of the client money

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Why The Mills Review is the AI starting pistol for brokers

Most coverage of The Mills Review, published on 6 July, has focused on what it does not do. There is no new AI rulebook, no new obligations and nothing specific to implement. But that somewhat misses the point, writes Robin Knowles, compliance consultant at UKGI.

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