Regulation
Editor’s letter: April 2016
“That would be to utterly miss the point. It still went up and deserved challenging”
Broking break: Risky Business
Our cartoon uncovers what's really going through the taxman's head
InsurTech Futures: FCA commits to innovation
Regulator reveals ‘Regulatory Sandbox’ designed to reduce regulatory burden on innovative firms.
FCA 2016/17 core fees reduced for brokers
However 1.6% reduction could be offset by addition of consumer credit costs.
Blog: The FCA’s £53,161.71 a mile taxi ride
Some random calculations on the cost of finding the regulator’s new CEO.
What brokers need to consider
With just a few months until the Insurance Act comes into force, Bruce Hepburn explains why brokers need to be clued up on its implications
Market dismayed by further IPT increase
Brokers describe tax rise to 10% as a “slap in the face” but support increased funding for flood defences
Brexit: In or out?
What impact would Brexit have on brokers and the wider insurance industry? Tony Cornell considers the issues on whether to remain or leave
FCA spent over £200,000 recruiting Andrew Bailey
Regulator interviewed four candidates for the CEO role.
GI complaints fall 3%
FCA reveals that non-PPI general insurance complaints fell to 296,505 between July and December 2015.
Poll: Will IPT go up more?
Have your say on the future of the insurance premium tax.
Getting brokers out of the dark
Helen Devery at BLM calls for collaboration between brokers and insurers
Government’s 2015 IPT discussions revealed
Exclusive coverage of the Treasury’s talks with the Association of British Insurers.
Insurance Act full of potential traps, warn lawyers
Lawyers Colin Wynter and Stuart Hill explain the possible pitfalls for brokers ahead of the implementation of the Insurance Act.
UK Broker Summit 2016: Brokers get ready for the Insurance Act
Five key points to keep in mind about the new legislation ahead of its implementation in August.
Technology and big data key focuses for the FCA in 2016
Director of general insurance and protection Simon Green says 2016 will be year of significant change.
FCA to issue claims ‘scorecards’
Pilot project will see general insurance firms be compared by regulator across a “small number of products”.
Brokers speak out on regulatory burden
MP reopens debate over the effect of increasing regulation on small brokers
Industry welcomes “regulation heavyweight” to FCA role
Insurers broadly applaud Andrew Bailey’s appointment to the top job at the FCA, but brokers express concern over the regulator’s promotion of an “establishment” figure
FCA welcomes NAO report on mis-selling
Regulator says it accepts the findings.
NAO issues warning on FCA's value for money over mis-selling
National Audit Office says the FCA cannot be confident that its actions are reducing the overall level of mis-selling.
MP criticises distorted FCA funding in Parliament
Former broker Craig Tracey MP says FCA regulation of the insurance industry is not proportionate.
Industry searches for SME flood insurance solution
Biba investigating scheme to help small businesses in flood-prone areas
Is the FCA too obsessed by price?
There is more to insurance than price alone and the regulator’s price comparison suggestion should be opposed, argues Tony Cornell