PRA has laid down new rules after the Society of Lloyd’s disclosed that it had not maintained an anonymous whistleblowing channel for 16 months.
He will take over the position from Mark Carney on 16 March 2020.
Regulator says fraudsters are using details of authorised firm MEM Insurance Brokers to target people in the UK.
Regulator is looking to extend the principles of open banking to other sectors including general insurance.
Ann Peel, technical consultant at Insurance Compliance Services, discusses the potential impact of the FCA's latest interventions.
The Gibraltar-based insurer closed to new business in July 2017.
Organisation also expects brokers to carry out the due diligence on replacement carriers.
Data from the regulator shows a sharp increase in the number of warnings issued to the market.
CII survey highlights there is more for the industry to do to tackle the loyalty penalty.
The recent run of Gibraltar-based insurer insolvencies has made the headlines, but the low tax and light-touch regulations in the jurisdiction attract UK businesses and insurtech start-ups. Martin Friel investigates why brokers are still dealing with…
Fraudster sold insurance to an organised crime gang in a move which is thought to have helped them avoid police ANPR checks.
Strathearn Insurance Services and Bellfield Financial Services have been declared in default by the scheme.
Nick Elwell-Sutton of Clyde & Co outlines the steps that brokers need to take to comply with the impending regulation.
Regulator issued new guidance on how brokers and providers can best serve customers.
A joint investigation by the regulators found that between February 2010 and July 2016 Stuart Malcolm Forsyth transferred excessive amounts of his own salary to his wife, and as a result paid £18,000 less in income tax than he should have done.
Watchdog responds to "unacceptable behaviour" as internal letter reveals "minority of colleagues" in the regulator's Olympic Park HQ have been defecating on the floor, stealing plants and abusing security and catering staff, according to reports.
Broker trade body wants future government to promise that money raised from the increase in IPT remains earmarked for flood defence and resilience measures.
Decision follows consultations which saw over 90% of the market support the idea to merge its Board and Council.
Comparison site says young drivers aged 17 to 24 are most likely to fall victim to ghost broking.
Analyst firm Peel Hunt highlighted Direct Line, RSA and Saga as particularly vulnerable.
Investigation centres on clause included in the aggregator’s home insurance contracts which may potentially cause consumers to miss out.
Regulator detailed that the clone has set up its own phone number, email address and is using a different address to the real firm but the 'clone' has refuted the warning.
EEA firms passporting into the UK must apply to the temporary permissions regime by 30 October.
Taking a radical approach: Duncan Minty asks if brokers are on the threshold of predictive supervision?