Regulation
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
The state we’re in
If the UK is to avoid another economic crisis in the near future, insurers and the government need to join forces to tackle flood insurance, says Tony Cornell
Lloyds fined £4.3m for delayed PPI redress payments
Lloyds Banking Group (LBG) has been fined £4.3m for delayed payment protection insurance (PPI) redress payments.
MASS rounds on Aviva's motor claims proposals
Aviva's plan to remove the middleman from motor claims in a bid to slash premiums has only "identified parts of the problem" and failed to "come to the right solution".
FSA branded stationery spend increased in year of regulator change
The Financial Services Authority (FSA) spent more on branded stationery for the 2012/2013 period than in either of the two preceding years.
Yet another kick in brokers' FSCS teeth
As sure as night follows day, brokers' favourite regulatory cost is set to rise yet again.
ABI calls for greater political commitment to flooding plans
The Association of British Insurers (ABI) has called for cross-party political support to ensure that the UK can properly tackle flood risk.
Brokers' FSCS levy will climb to £58m
Brokers are likely to be slapped with another Financial Services Compensation Scheme (FSCS) levy hike, the body has confirmed.
Biba urges brokers to budget for £21m FSCS levy
The British Insurance Brokers' Association (Biba) has warned that there is "every likelihood" that an interim Financial Services Compensation Scheme (FSCS) levy will hit brokers in the coming months.
CMCs pocketed £7.4m from PPI claims in 2012
Claims management companies (CMC) made more than £7.4m from UK consumers claiming compensation for mis-sold payment protection insurance (PPI) in 2012.
Biba launches manifesto for 'year of change'
The British Insurance Brokers’ Association (Biba) has launched its 2013 manifesto entitled Meeting the Growth Challenge.
Time to Act
A seismic change to the way brokers operate is due in April, but the industry doesn’t appear to be ready, says Stephen Netherway
RWA chief blasts Biba's 'sweeping criticism' of insurers
Research from the British Insurance Brokers’ Association (Biba) which claimed insurers were becoming more difficult over paying out on claims has been deemed “spin” as opposed to “worthwhile research”.
FSA confirms BBA talks about potential PPI deadline
The Financial Services Authority (FSA) confirmed it has been approached by the British Bankers' Association (BBA) about a potential payment insurance (PPI) complaint deadline.
ABI at odds with Biba over FSCS funding model
The Association of British Insurers has broken ranks and labelled the Financial Services Authority's (FSA) Financial Services Compensation Scheme (FSCS) funding model "an unhelpful step backwards".
Biba gives "cautious welcome" to FSA proposals
The British Insurance Brokers' Association (Biba) has given a "cautious welcome" to the Financial Services Authority's (FSA) Financial Services Compensation Scheme (FSCS) funding model.
FSA consults on FSCS funding model
The Financial Services Authority (FSA) has confirmed new funding rules for the Financial Services Compensation Scheme (FSCS).