Regulation
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
FCA proposes to ban opt-out selling
Regulator to abolish opt-out selling following study into the general insurance add-ons industry.
No claims bonus deadline extended
Biba welcomes CMA decision to extend deadline for protected no claims bonus information to August 2016.
CMA opts to ban all motor aggregator deals
Regulator decides that price parity agreements between insurers and brokers and price comparison sites should be banned across the board.
Polishing the profession
One year after forming, the Insurance Brokers’ Standards Council is still working to combat poor broking behaviour, says Paul Anscombe
Directors’ and Officers’: We need to talk
SMEs need to be informed of the benefits of directors' and officers' insurance and that conversation must be initiated by brokers
FCA takes firm stance on NED accountability
Roles of chairman, senior independent director and chairs of risk, audit, remuneration and nominations committees to come under new Senior Managers Regime.