Regulation
Toba turmoil to hit this August
Failing to act now to ensure Tobas meet Insurance Act could lead to more court action further down the line.
FCA finalises rules on complaints handling
Firms will have more time to resolve complaints, but can't charge customers premium rates for phone calls.
Wheatley “disappointed” by FCA exit
Outgoing chief executive indicates “unfinished business” at the regulator.
Martin Wheatley to stand down as FCA chief
Tracey McDermott to take over as acting CEO while the regulator searches for a permanent replacement.
FCA spends £1.7m on staff expenses
Regulator reveals staff spending hit £1.7m with £136,432 spent on foreign travel.
FCA appoints Jonathan Davidson as new director of supervision
Davidson is a member of JLT's strategic advisory group and former COO at Direct Line.
As bad as bankers?
Brokers must make positive changes if they are to escape being tarred with the same brush as bankers, says Branko Bjelobaba
Should brokers now look again at regulation?
A Conservative government provides an ideal opportunity to seek changes, says Tony Cornell
Loss adjusters challenge FCA review
Concerns raised over regulator’s review criticising claims service received by SMEs
Regulator issues delegated authority warning
Industry reacts to watchdog’s call for improvements to ensure customers are treated fairly
FCA chief Wheatley gets 15% pay rise
The regulator’s chief executive sees total remuneration go up to £701,000 in 2015.
The FCA reports £58.3m loss
Regulator also says it "fully accepts" the Davis review findings in its annual report for 2014/15.
Ex-FCA chief Adamson to join JP Morgan
Report suggests Adamson will take up non-exec director role in group’s private banking division.
FCA appoints two new executives
Director of enforcement and market oversight as well as director of risk and compliance oversight appointed.
Lloyds Bank hit by record £117m PPI fine
Regulator slams bank’s unacceptable conduct in mishandling claims.
FCA defends secondments with ‘Big Four’ accountants
Regulator says secondments to and from Deloitte, KPMG, PwC, and Ernst & Young bring critical skills and knowledge.
Brokers urged to keep delegated authority records
Sector urges intermediaries to keep accurate records following FCA review and calls for further work ahead of Solvency II.
Brokers failing on delegated authority
FCA says intermediaries and insurers did not appear to have adequately considered their regulatory obligations.
Biba 2015 Video: Regulatory Efficiency Gains
Michael Phair, director of Regulatory Efficiency Gains tells all about how its products can help brokers with compliance and risk assessment.
Brokers disquiet over FCA fees hike
Regulator proposes 8.4% increase in fees but brokers question if rise is justified
Editor's letter - May 2015
“At a time of 0% inflation how is an 8.4% rise justified? Are you 8.4% more in need of regulation than you were this time last year?”
FCA fines Moorhouse £159,300
Broker fined for failures on oversight and control of vehicle add-on insurance products.
FCA points out the pitfalls of social media
Regulator’s guidance on financial promotions serves as useful reminder for brokers
New rules on NEDs spark broker concern
Worries raised over changes to the way the regulator oversees the role of non-executive directors