Trade body said it lobbied the regulator to exclude premium finance arrangements as payment deferrals would have left many brokers at greater risk.
Insurance Covid Cast – episode one: How has the industry’s reputation been impacted by its handling of the coronavirus epidemic?
In the first of a new series of video casts brought to you by Insurance Age and Insurance Post whilst our journalists are in isolation lockdown we discuss the sector’s response to the Covid-19 pandemic and what lasting impact it might have on its…
Regulator said fraudsters had used the details of authorised firms Tasker Insurance Brokers and QIC Europe to attempt to scam customers.
Regulator also wants to increase the authorisation application fee for brokers from £1,500 to £2,500.
The unrated Danish motor provider says it "strongly disagrees" with the order and adds it has continued its capital raising efforts as it seeks to comply with its solvency capital requirement.
The AA said it had raised MOT concerns with transport ministers last week.
Biba's Graeme Trudgill outlines the relevant areas for brokers as the FCA tells firms how to identify key workers in financial services.
The “significant” breaches meant some customers did not get annual review statements for up to six years.
Regulator sets out expectations amid coronavirus for travel, motor and home insurance, product suspensions and renewals as it highlights the important role of the broker in helping vulnerable customers.
Market to test its readiness by invoking its emergency trading protocol.
The legal framework previously in place needs to be changed due to Brexit, with firms having until 11 May to respond.
Regulator also says it wants to make diversity and inclusion the norm as it seeks to embed "purposeful culture" into companies.
The broker, now called Somerset Bridge, is set to launch another appeal against the £60,000 data fine.
The trade body has pledged to support members as the regulator insists all firms must have contingency plans in place to deal with major issues such as Covid-19.
The ABI and CII are calling for a cut to insurance premium tax, whereas Biba is requesting a freeze.
Regulator rejects claims from Gina Miller's True and Fair Campaign, stating they contain “numerous inaccuracies", as campaigners call on the Chancellor of the Exchequer to review Andrew Bailey's appointment as governor of the Bank of England.
The names, addresses, and telephone numbers of certain FCA complainants were publicly available between November 2019 and February 2020.
Customers told to check the validity of their policy with their insurer.
The Insurance Age team talk about the top stories for the week.
The regulator examined several areas of potential harm in its annual review of the general insurance sector.
There will be no change to EEA firms 'passporting' into the UK from tomorrow (31 January), but the temporary permissions regime will be used if the UK and EU fail to sign an agreement by 31 December 2020.
A recent letter from the regulator could indicate that it wants to widen its remit to include diversity and inclusion. Should brokers be worried? Martin Friel reports.
The insurer contacted thousands of customers mistakenly calling them ‘Michael’ - reports.
Nick Wilcox and Rolleen McDonnell of law firm BDBF examine where brokers may fall foul of the latest regulation to hit intermediaries.