Firms advised not to take the regulator's message lightly.
Brokers urged to heed the latest “shot across the bows” from the FCA.
Regulator warns general insurance firms after widespread failings to comply with new rules on renewal transparency.
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CEO Andrew Bailey sends letter to MPs.
FOI reveals 20% increase in numbers after ICO described being unprepared as its “largest single risk”.
Regulator aims to provide transparency on its thought process and decision-making.
Trade body's David Sparkes welcomes the FCA's proposal that smaller firms will move automatically to the new regime.
John Byrne of regulation experts Corlytics controversially argues that brokers could see worse from the regulator and says the market should learn from the “painful lessons” in banking.
Crane said failing to follow the rules exposes brokers to "significant risks", including reputational damages and fines.
The trouble with client money: One Call’s fine has put the rules back in the spotlight and brokers should be ready for scrutiny, says Ann Peel
UK brokers did not know what the rules would look like until January this year
Chief underwriting officer for Hiscox Retail, Joanne Musselle, commits to investing technology and innovation across all channels including broker.
Turning back time: Brokers should use the delay in IDD implementation to review compliance
FCA figures show that cyber incidents reported by general insurance firms went up from 1 to 11 in just 12 months.
Watchdog believes accuracy of data submissions could be improved and costs reduced.
Research by Ecclesiastical also shows lack of knowledge in the broker sector about the incoming legislation.
EU ambassadors confirmed that the council has agreed to delay transposition of the Insurance Distribution Directive.
Bailey, a non-executive director at Chubb European Group, succeeds Lawrence Churchill.
The ABI has also responded to the FCA's consultation on the levy, arguing that insurers should not have to pay for "adviser failures".
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She argued that the sector is in a “chronic state of uncertainty” and criticised the “inaction” of the government for failing to provide answers.
Regulator follows up on Treasury announcement.