Regulation
FSA report details over £500,000 pay-off for Turner and Sants
The final annual report from the Financial Services Authority (FSA) has detailed that chairman Adair Turner received £252,000 when his contract ended while executive director Hector Sants received £300,178.
FSA expenditure under budget in its final year
The Financial Services Authority (FSA) expenditure for the year ended 31 March 2013 came in slightly under budget.
FCA chief to reflect on first 100 days
Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), will tell the Association of British Insurers' (ABI) conference that the FCA is “a very different animal to the Financial Services Authority (FSA)”.
FCA hits intermediary with £2.8m mobile phone insurance fine
The Financial Conduct Authority (FCA) has fined Policy Administration Services (PAS) £2,834,700 for poor complaints handling of mobile phone insurance policies.
Biba CEO: Brokers should not fear FCA conflict of interest review
British Insurance Brokers' Association (Biba) CEO Steve White has insisted that brokers who have adopted previous conflict of interest guidance "have nothing to be worried about" by the regulator's review.
FCA reveals conflict of interest review at 3R's event
A thematic review into broker conflicts of interest will be launched by the Financial Conduct Authority (FCA), it was today revealed by the regulator at Insurance Age's 3R's event.
FCA warns over too complex MLEI
Regulator tells the industry to review marketing of motor legal expenses insurance
FCA's £150,000 fine and ban for "reckless" broker upheld
The Financial Conduct Authority's (FCA) ban and £150,000 fine for "reckless" insurance broker director Andrew Jeffery has been upheld.
FCA review reveals poor practice in mobile phone insurance
The Financial Conduct Authority (FCA) has listed poor product design, unclear terms, and inadequate claims and complaints handling among the findings of its review into mobile phone insurance.
Clock is ticking for motor legal market
So the countdown has begun for the motor legal expenses insurance (MLEI) market.
Insurance trade bodies welcome FCA motor legal expenses review
Both the British Insurance Brokers’ Association (Biba) and the Association of British Insurers (ABI) have welcomed the regulator’s review into Motor Legal Expenses Insurance (MLEI).
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.