Move follows the European Commission’s proposal to push back the application date to 1 October 2018.
Delays are not often welcome, but in the case of implementing the Insurance Distribution Directive it’s the best possible outcome, explains David Sparkes
If you can’t, won’t or don’t play by the rules expect to see money fly out of your wallet, writes Siân Barton
Brokers have reacted to the huge penalty and renewal restriction that the FCA placed on One Call following client money mistakes.
Brokers still facing a 2019 implementation date.
One Call and Radford express regret for client money “miscalculation” and insist their intention was to help consumers.
Emmanuel Kenning asks if the FCA will be looking at the concept of brokers owning MGAs.
Biba calls for stability in rate of regulatory change, proportionate supervision and a global competition objective for the FCA
Consultation runs until April with rules set to be announced this summer.
Levy set to jump from £18m to £23m in 2018/19 despite shortening of the accounting period.
Emmanuel Kenning and Siân Barton discuss the key points from the week's news.
Ann Peel, technical consultant at Insurance Compliance Services, urges brokers to take action ahead of the implementation of the Insurance Distribution Directive.
Compliance experts warn that regulator still has appetite for issuing fines.
Randell to take up role on 1 April.
Bluefin being fined £4m by the FCA dominated the interest of Insurance Age’s readers in the final month of there year. There were two stories in the top five but there was also room for a new MGA, a fraud court case and another look at Amazon’s insurance…
David Sparkes calls potential delay a “great” and “sensible” step.
New proposals could see seven month delay.
Insurer joins XL Group in choosing the Republic of Ireland.
Regulator urges insurance industry and clients to be wary of "bogus entity" Bulwark Insurance.
Bluefin's £4m FCA fine has shaken the market and Ida Axling wonders whether this is just the first of many similar stories to come.
The regime replaces Approved Persons and the regulator advised it wanted most transitions to take place automatically.
Last week the regulator fined Bluefin £4m for misleading its customers.
Compliance specialists say brokers need to ensure there are no conflicts of interest.
Regulator says broker failed to manage conflict arising from being owned by Axa in 2011 to 2014.