Regulation
Brokers in the dark over SMCR
Only 47% of brokers surveyed believe the new regime will improve protection for customers, according to research by Ecclesiastical.
Treasury confirms IDD delay
Biba head of compliance and training David Sparkes welcomes the delay and urges the FCA to publish its final rules.
Opinion: Branko Bjelobaba on why there are no excuses for getting renewal transparency wrong
If brokers can’t get renewal transparency right, what else are they getting wrong? Branko Bjelobaba asks
FCA outlines PI threat in FSCS review
Watchdog says plans supported on compensation limits and funding classes but respondents outlined concerns over proposed clampdown over how investment firms buy PI cover.
News analysis: Dual pricing in regulator’s sights despite delay
FCA is undertaking diagnostic work to check pricing practices work well for customers
Opinion: Vincent Rezzouk-Hammachi on how brokers should approach GDPR
The new rules coming into force later this month will have far-reaching impacts on brokers, says Vincent Rezzouk-Hammachi
FCA issues warning on broker clone
The regulator warned about fraudsters using details of authorised companies to scam customers.
Quizzical questions: 27 April 2018
Test your knowledge of the week's news with our topical quiz.
Beazley adds GDPR helpline to breach product
The insurer is working with DAC Beachcroft to provide a helpline to Beazley Breach Response policyholders.
FCA renewal transparency rules driving customer switching
Data shows drivers and homeowners who switch provider could save up to £100 a year as analysts say new rules are encouraging customers to shop around.
Howden and Barbican pursued following Gable collapse
The Danish guarantee fund has posed a legal challenge to both firms which were linked to Gable before it went bust in 2016.
FCA to look at dual pricing
Regulator details the need for firms to "further improve both competition and their standards of treatment for existing customers" in its Business Plan for 2018/19.
Brexit to cost the FCA £5m in 2018/19
Regulator increases annual funding requirement by 3.2% to £543.9m.
FCA reveals Brexit-focused Business Plan
Regulator pledges focus on EU withdrawal and promises to publish interim findings on wholesale broking and current work on the value of the distribution chain.
Podcast: The top five stories of the week
Ida Axling and Emmanuel Kenning look behind the headlines.
Brokers warn against cutting corners on renewal transparency
Firms advised not to take the regulator's message lightly.
“No excuse” for renewal transparency failings
Brokers urged to heed the latest “shot across the bows” from the FCA.
FCA goes on attack against "unacceptable" renewal failings
Regulator warns general insurance firms after widespread failings to comply with new rules on renewal transparency.
Webinar: What brokers need to know about GDPR
Tune in today to our live event at 11am.
FCA reviewing if Aviva share cancellation plan broke market abuse rules
CEO Andrew Bailey sends letter to MPs.
ICO boosts data protection staff ahead of GDPR
FOI reveals 20% increase in numbers after ICO described being unprepared as its “largest single risk”.
FCA publishes Supervision and Enforcement documents
Regulator aims to provide transparency on its thought process and decision-making.
Biba wants Senior Managers Regime date for brokers "as soon as possible"
Trade body's David Sparkes welcomes the FCA's proposal that smaller firms will move automatically to the new regime.
Blog: Is insurance under-fined?
John Byrne of regulation experts Corlytics controversially argues that brokers could see worse from the regulator and says the market should learn from the “painful lessons” in banking.