Regulation
UKGI to provide compliance support to Aim CoreProtect
UKGI has been appointed as preferred supplier by wholesale broker and trading platform provider Aim CoreProtect.
Expertise in Action: Broker: Preferential treatment
Few clients are interested in commission disclosure, however, the issue of preferential treatment for brokers that produce the most business for insurers could soon face regulatory scrutiny.
FCA must remember that mud sticks
This week the Financial Conduct Authority (FCA) confirmed it now has the power to publically name firms under investigation.
FCA complaints fall in H1 2013 as GI grievances grow by 16,000
Consumer complaints reported by financial services firms to the regulator fell by 500,000 between the second half of 2012 and the first half of 2013.
FCA's decision to name firms under investigation slated as "unfair"
The Financial Conduct Authority's (FCA) decision to name firms under investigation has been criticised as "calculated to gain publicity".
FCA to name firms under investigation
The regulator has confirmed that it will now name firms under investigation.
IMD II labelled a "low priority"
The Insurance Mediation Directive (IMD) II proposal has been described as a "low priority".
New compliance firm aims to be "one-stop shop"
A new regulatory consulting firm has launched this month to act as a "first-choice" advisor and "one-stop shop" on regulation and compliance issues for firms in general insurance and legal services.
Biba's new compliance chief urges FCA to back off brokers
The new compliance chief of the British Insurance Brokers' Association (Biba) David Sparkes has vowed to fight for more "proportional regulation".
FCA probe finds "no consistency" in insurer use of private investigators
The Financial Conduct Authority has stated that "there is no consistency" in the way insurance companies use private investigators (PI).
Expo South 2013: FCA's regulation approach will cause brokers "brain ache"
The Financial Conduct Authority's (FCA) approach to regulation is "fundamentally new, fundamentally different and will cause a lot of brain ache" brokers heard at Insurance Age's Broker Expo South 2013.
FCA review finds serious problems in PPI complaints handling
The Financial Conduct Authority (FCA) has found serious problems with complaint handling decisions and communications to customers at two thirds of firms reviewed in a payment protection insurance (PPI) investigation.
esure changes “unfair” terms after FCA concerns
esure Insurance has agreed to change two of the terms and conditions in its home insurance and car insurance policies after the Financial Conduct Authority (FCA) highlighted concerns.
Home Affairs Committee extends rogue investigator timescale
The Home Affairs Committee has given the Information Commissioner (IC) until 8 October to conduct a two-week "scoping exercise" in a bid to establish the scale of the blue-chip private investigator storm.
Berliner exits UK solicitors' PI market
Insurer Berliner is withdrawing from the UK solicitors’ professional indemnity (PI) market.
Ghost broking scam: Two admit to laundering proceeds
Two men have admitted to the Old Bailey that they laundered the proceeds of a nationwide motor insurance scam, netting more than £500,000.
Allianz alleged to be on Soca list of firms which hired rogue PIs
Allianz has been named as one of the firms on a list of blue chip organisations to use corrupt private detectives, it has been reported.
FCA states it has never used private investigators
The Financial Conduct Authority (FCA) has stated that it has never used private investigators.
MPs hand Soca Monday deadline to publish rogue investigator list
MPs have given the Serious Organised Crime Agency (Soca) a deadline of Monday 9 September to publish the list of insurance companies and law firms who hired rogue private investigators.
Adding up the cost
After Swinton other brokers may be facing fines from the regulator says Branko Bjelobaba, but it doesn’t have to be that way
Flood Re: SMEs left at risk, say brokers
The replacement for the Statement of Principles comes under attack
Aon reportedly on rogue investigator SOCA list
Aon has been named among the firms that appear on the Serious Organised Crime Agency's (SOCA) list of organisations that used rogue private investigators, it has been reported.
Lloyd's in review of sanction controls over US regulator fears
Lloyd’s is currently reviewing the controls used by members of the market to prevent breaking of sanctions with countries such as Iran and North Korea.
Ombudsman confirms new card protection insurance complaints category
The Financial Ombudsman Service (FOS) has confirmed that it has created a new category for complaints about card protection insurance due to the volume of complaints it is now receiving.