Regulation
Biba welcomes cancellation of client money review
Decision on CASS 5 means rules for brokers around client money will remain the same.
Biba attacks FCA renewal warning
Association criticises the suggested FCA renewal wording, warning it is price focused and hits out at sheer number of new regulations to implement.
FCA gives 1 April deadline for renewal transparency
New rules for personal lines make disclosure of last year’s premium compulsory at renewal.
FCA considers deadline on PPI complaints
Regulator to consult on feedback from previous consultation.
What is a principal firm?
Howard Pepper insists brokers should not be tarred with the FCA’s brush following the FCA publication of the thematic review into appointed representatives?
FCA warns principals they will be accountable for ARs’ mistakes
Regulator informs firms of its expectations after its thematic review into supervision of appointed representatives revealed "significant shortcomings".
MPs call for FCA to break up
MPs say regulator is "outdated and unfair" and merits re-examination.
FCA slams oversight of appointed representatives
Regulator finds “significant shortcomings” and orders two companies to stop sales activity.
“Collateral lies” acceptable in claims rules court
Supreme Court decides that “collateral lies” should not invalidate a claim.
No “bonfire of regulation” post Brexit, says FCA chief
Andrew Bailey said he does not foresee a “great bonfire of regulation” as watchdog sets up department to deal with EU exit.
Industry divided over commission disclosure
Brokers call for “ultra-transparency” as ABI questions current market approaches
The broker agenda
Biba’s Steve White explains that with constant big changes for brokers the trade body is already planning for 2017
Expertise from A-Z: Taking stock of the year so far
Six months into 2016, what have been the highs and lows for the insurance industry – and what does the rest of the year have in store?
Keep the faith
With ‘utmost good faith’ on the way out, Tony Cornell argues that it could be a case of brokers beware as they have to pay the costs of the Insurance Act
Under the radar
The Enterprise Act could have wide-ranging implications for brokers and claims, explains Stephen Netherway
In or out? Time to decide over EU vote
With the referendum over the UK’s future in the EU looming, Insurance Age gauges how the European insurance community views the vote
Biba 2016: Biba urges industry to embrace the Insurance Act
Trade body launches implementation guide.
Brokers split on Brexit impact
BLM research shows only half of brokers know what impact the Enterprise Bill will have on late claims payments.
Video: Craig Tracey
Broker-turned-MP Craig Tracey explains how his experience from the insurance sector is informing his time in Parliament.
Editor’s letter: May 2016
“Brokers are right to question what has been delivered for them”
Biba welcomes the Enterprise Act
Association says new law is good news for the industry.
Industry tackles Flood Re challenges
Brendan McCafferty hails scheme’s impact and promises further progress
Market split over Brexit referendum
Brokers take their sides although some complain of lack of information with EU vote looming
Why insurers set up in Gibraltar
Gibraltar is subject to the same rules as everywhere else in Europe. Kathryn Morgan explains why insurers really flock to the British Overseas Territory