Regulation
FCA gives industry one year warning on motor legal expenses
The Financial Conduct Authority (FCA) has published its report on the thematic review of the Motor Legal Expenses Insurance Market (MLEI).
MOJ to name rule breaking CMCs online
The Ministry of Justice (MOJ) has revealed that it will be logging any breach of the rules by claims management companies (CMCs) online for consumers to check.
FCA bans uninsured mortgage advisor
The Financial Conduct Authority (FCA) has fined and banned an Essex-based sole trader, Christopher John Riches, for arranging mortgages after his regulatory permission had been removed, and while he did not have professional indemnity insurance, and for…
Editor’s letter - June 2013
“Facing down a challenge breeds confidence. And there was certainly more of that on show in London”
FCA flexes its regulatory muscles
Brokers remain unconvinced by new regulator as industry prepares for probe into claims handling
Ahead of the competition
Learn vital information about e-trading and regulation reforms at Insurance Age’s forthcoming events
Jury still out on the FCA
Almost two months on since its inception and brokers are still trying to second guess what the Financial Conduct Authority (FCA) has in store for them.
Majority of brokers believe FCA is merely a rebrand
Three quarters of brokers believe the change to the Financial Conduct Authority (FCA) has been merely a "re-branding exercise", a survey has found.
FCA sets out funding rise as PPI storm lingers
New regulator increases annual funding requirement for FCA and PRA to £646.3m
Standards to the fore
Brokers, unlike bankers, may not be in the reputational headlights, but the industry must remain vigilant, says David Thomson
UKGI exposes liability claims fears
Brokers’ most pressing concern is the fear of being exposed to liability claims for the delivery of inaccurate risk data following the implementation of the Consumer Insurance Act, according to a survey by UKGI.
Premium Credit to provide FCA fee payment service
Premium Credit has won a three-year contract to provide a payment service for the Financial Conduct Authority (FCA).
FCA announces £430m funding requirement
The Financial Conduct Authority (FCA) has announced an annual funding requirement (AFR) of £432.1m for 2013/14.
Meet the new boss
Biba appoints Steve White, current head of compliance and training, as its new chief executive
FSA to probe insurers’ use of investigators
Practice of hiring private investigators to look into claims subject of regulator review
Power hour: Ready for regulation?
With a raft of new regulation in the pipeline, our panel of experts discusses whether brokers and insurers are ready for the upcoming changes. Andrew Pearce reports
A meaty problem for brokers
Brokers are just as responsible for bad claims service as food retailers are for the horsemeat scandal, but Tony Cornell has a plan for how Biba can tackle it
FCA board members confirmed
The members of the Financial Conduct Authority (FCA) board have been confirmed for when the new regulator starts operating on 1 April 2013.
FSA fines Pru £30m and censures CEO
The Financial Services Authority (FSA) has hit Prudential with a £30m fine and criticised CEO Tidjane Thiam.
New broker regulator FCA to focus on add-on products
The incoming Financial Conduct Authority (FCA) is to focus on add-on products and services in the general insurance market.
Firms have no need to fear FCA, says Wheatley
Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), has stated that the new regulator will be less aggressive than the Financial Services Authority (FSA).
HomeServe to cut 300 jobs
HomeServe is to cut 300 roles in its UK business in an attempt to offset expected reductions in revenue.
Biba slams latest FSCS interim levy
The British Insurance Brokers' Association (Biba) head of compliance and CEO-in-waiting Steve White has hit out at the latest compensation scheme interim levy.
Chairmen named for incoming FCA practitioner panels
Three new chairmen have been appointed to the Financial Conduct Authority’s (FCA) independent panels.