Regulation
New regulator rolls out road to power
Consultation paper tempers broker concerns over FCA’s future role
Access to justice
When the laws regarding legal aid change in April next year, brokers need to be ready to advise clients on legal expenses cover, explains Paul Asplin
Please Mr Wheatley…
Despite promises of reduced red tape and less interference, Tony Cornell still fears the rise of the many headed new regulatory regime
All work and no play
With the new regulator fast approaching it seems that every week more and more news stories seem to be focusing on what will change for the insurance industry.
Brokers warned over client money changes
Moore Stephens has warned that the Financial Services Authority’s (FSA) proposed new rules on client money could cost brokers more time and money.
Regulator focuses on broker accounts
FSA’s consultation on client money rules highlights issues for brokers
Concern grows over “shoot first” FCA
Industry responds to comments by the FSA’s managing director
The uncertainty of being an insurer
Brokers need to understand current legal developments to correctly advise clients, explains Tony Cornell
Will the FCA show its teeth?
Brokers should prepare for regulatory changes, says Jill Hambley
Industry welcomes OFT motor market decision
The Office of Fair Trading’s (OFT) decision to refer the private motor insurance market to the Competition Commission has been welcomed by firms across the industry.
Biba helps government write insurance 'Dummies' book
The British Insurance Brokers’ Association (Biba) has joined forces with the Cabinet Office and several other organisations to produce a new guide for SMEs.
Galbraith: Biba can help point gun at regulation problem areas
Eric Galbraith, chief executive of the British Insurance Brokers’ Association (Biba), has responded to Martin Wheatley’s assertion that the incoming Financial Conduct Authority (FCA) will take a more pre-emptive approach to customer fairness.
Broker Expo South: FCA will demand more information and conduct more visits
Brokers can expect a lot more demands for information from the incoming Financial Conduct Authority (FCA), delegates at the 2012 Broker Expo South were told today.
ABI register to provide insurers with details of known fraudsters
The Association of British Insurers (ABI) has launched the Insurance Fraud Register, to make details of all known insurance fraudsters in the UK available to insurers.
Barclays overtakes Lloyds as biggest PPI offender
Barclays Bank has overtaken Lloyds TSB as the source of the most payment protection insurance (PPI) complaints, according to figures from the Financial Ombudsman Service (FOS).
FSA approval waiting times at record high of 23 weeks
Regulatory approval waiting times for financial service start-up companies has reached a record high of 22.9 weeks.
Biba calls for ban on banks selling insurance
Banks should be banned outright from directly selling general insurance products, according to the British Insurance Brokers’ Association (Biba).
FCA boss to clamp down on commission-led sales
Commission payments on all financial products are to be severely curtailed by the new financial regulator.
Reportage: Tipping the scales
Brokers face a huge change in the way legal expenses insurance is sold and could lose out if they can’t tap into before-the-event products and add-ons, writes Martin Friel
Compensating for compensation
Proposed changes to the way the FSCS is funded are causing concern, says Steve White
Countdown to commission disclosure
As mandatory commission disclosure rears its head again, Tony Cornell asks what effect it could have on the general insurance market
Upside down
New laws will turn the rules governing how personal lines brokers deal with consumers on their head, explains Stephen Netherway
CMCs warned they could face closure over compliance failures
Claims management companies (CMC) must comply with regulation or risk being shut down, the Ministry of Justice (MoJ) has warned.
Quinn Insurance bill could rise to €1.65bn
The estimated bill for the administration of Quinn Insurance has risen to €1.65bn (£1.3bn), administrators appointed to the insurer have told the High Court in Dublin.