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Regulation

FSA bans three directors for misusing client money

The Financial Services Authority (FSA) has banned three directors of a London-based insurance business, BPS Insure, for failing to inform the FSA that BPS had a deficit of approximately £3m in its client account and had misused client money.

TCF MI failure raises questions

With the second deadline of the year looming, Katherine Brandon reviews the issue of management information for Treating Customers Fairly compliance

Tribunals - Achieving a fair hearing

An ex-employee, who claims that they were dismissed unfairly, took a close friend of mine to tribunal. As a broker owner, I want to ensure that disciplinary procedures are both correct and fair and that I steer clear of litigation. How do I ensure this?

Dispensing regulation

Although most brokers have come to terms with regulation, Paul Lang explains there is still a strong undercurrent of dissatisfaction in the market over how the Financial Services Authority has handled the situation

You can run but you can't hide

Commission disclosure is believed by some to be the one of the largest threats to independent brokers since regulation came into force. Martin Friel explores if an industry-led solution is feasible in a market split by opinion

The benefit of reflection

Although it has been several years since the Financial Services Authority came on the scene, many general insurance firms are still getting to grips with regulation. Sarah Hills explains how the experiences of the independent financial adviser market…

Dare to dream

Owning a second home overseas is a dream for many British people, but their level of understanding of their duty of care for guests is minimal, especially with regard to health & safety. This power hour explores the difficulties of catering for this…

Bring home the business

Keith Wardell calls on brokers to consider which insurer partners are the safest - firms that are registered in the UK and come under the jurisdiction of the Financial Services Authority or offshore companies?

New network launch confirmed

As reported by Insurance Age, Broker Direct, the broker-owned insurance management company, has launched a new network specifically aimed at members of the Institute of Insurance Brokers (IIB).

Holding renewals - Terms of endearment

My customer terms of business document shows that I normally provide commercial quotations from a range of insurers, yet the Financial Services Authority has queried whether or not this is still accurate at policy renewal, when I recommend renewing with…

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