Regulation
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.
Premium Credit boss voices support for FSA premium finance probe
Premium Credit has backed the regulator's review into brokers' premium finance deals, insisting that there should "always be full transparency" for any financial product.
Brokers' FSCS interim levy confirmed as £16m
Brokers will be hit with an interim Financial Services Compensation Scheme (FSCS) levy of £16m - down from the £20m previously predicted, Insurance Age can reveal.
FSA in private investigator probe
The Financial Services Authority (FSA) is conducting a review into the use of private investigators by insurance firms.
UK Broker Summit 2013: The recession is over, delegates told
Delegates were welcomed to this year’s UK Broker Summit with the news that the recession is over.
PPI complaints soar as FOS cites 'unprecedented levels'
Lloyds TSB has topped the list of payment protection insurance (PPI) offenders in the second half of 2012, with 42,195 complaints.
Brokers facing further FSCS levy hikes
Regulator blames uncertainty over PPI claims for demanding a £20m interim levy for 2012/13
Insurers split over value of chartered status
Insurance Age survey shows a plethora of views on the need for brokers to gain chartered status and the best ways to demonstrate professionalism
The problems with money
Brokers need to be prepared for the forthcoming changes to insurance money rules. David Roberts outlines four areas the industry should be focusing on