The Lord Chancellor has asked for experts to contribute to a review of how the Ogden rate is set with a final decision predicted by May 2019 as the industry hopes it may settle around 1%.
In an excellent piece in The Times last month was a reference to a suggestion – that renewal invitations should in fact have three prices on them.
Paying the price: Customers shouldn’t lose out for being loyal, says Christopher Woolard
Feedback statement follows on from consultation that closed in March.
Body still working on investigation following the super-complaint from Citizens Advice, which slammed dual pricing practices in insurance.
Regulator launches motor and home study and releases findings of pricing probe
Regulator says it prefers the draft withdrawal agreement over no-deal Brexit after impact assessment.
Regulator highlights 18% are cyber-related.
Larksway Investments was stopped from providing insurance broking services in September 2017.
Steve White warns that passporting will end.
The watchdog has published a set of proposals to prepare for the possibility of leaving the EU without an implementation period.
Biba chairman Lord Hunt of Wirral urges the government to avoid further delay in signing the bill into law.
Ann Peel poses the question as more SMEs will be able to complain to the Ombudsman.
Roving reporter Jonathan Swift dials in for this week's episode.
The frustration is that insurance has so much to be proud of.
Trade body warns of “gaping hole” in the agreement.
ABI says insurance sector must not become a rule taker under future relationship with EU.
FCA review led to insurer being “made aware” of problems.
Regulator consulting on new rules requiring firms to write to consumers who have made unsuccessful PPI claims, telling them to complain again.
The Information Commissioner also issued a notice of intent to fine Leave.EU as part of the same action and is investigating allegations that Eldon shared customer data “obtained for insurance purposes” with Leave.EU.
The Insurance Age team discuss the top five stories from the past week featuring fines, the FCA, Ardonagh and Reich.
The CMA has provisionally found that the aggregator is preventing customers from getting better home deals through use of its ‘most favoured nation clauses’.
Test your knowledge of the week's news with our topical quiz.
LV’s Mike Crane stresses that recent regulatory focus is not all bad news for the enterprising broker.