Regulation
Five year fraud investigation results in 33 guilty pleas
A five year investigation by Bedfordshire Police into a major insurance fraud by an organised criminal enterprise based in Luton has concluded with three of the last four defendants being found guilty at Luton Crown Court.
ABI warns against duplication in regulatory reform
The Association of British Insurers (ABI) has called for transparent and accountable co-ordination between the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA).
Biba launches FSCS petition to prompt Treasury review
The British Insurance Brokers’ Association (Biba) has launched a petition of its members on the Financial Services Compensation Scheme (FSCS) to be tabled in the House of Commons by an MP.
Your opinions - letter to the editor - re: article “Abiding by the Rules”
Have your say via email, LinkedIn, the Broker Forum, Twitter and letters.. Send your views to Martin Friel, editor, Insurance Age, VNU House, 32 – 34 Broadwick Street, London, W1A 2HG or email him.
FSCS GI levy rises but not as much as feared
The Financial Services Compensation Scheme (FSCS) has set the 2011/12 levy on general insurance (GI) intermediaries at £69.5m.
Management – Employment law: know their rights
With a host of changes to employment law coming into effect, employers need to ensure they are up to date with their legal responsibilities, says Peter Done.
Your opinions: follow on LinkedIn
LinkedIn discussion in response to “What does everyone think about the ECJ ruling on gender? Will age be next?”
Brokers are facing fallout from the Retail Distribution Review
Impact on IFAs of commission rules could see local communities suffer
Regulation costs three times more in UK than rest of EU
The British Insurance Brokers’ Association (Biba) has made the first real attempt since regulation was first applied to general insurance brokers to quantify just what it costs for brokers to remain compliant.
Concern over risk indicators in wake of ECJ gender ruling
The European Court of Justice’s (ECJ) decision to ban insurers from discriminating against gender has raised fears that other risk indicators, such as age, will also be taken into consideration.
Management - How to... save money and reduce your FSA risk
Mike Cranny offers a step-by-step guide on how to surrender client money permission.
Court ruling puts a stop to broker termination clauses
The Court of Appeal has upheld a High Court decision that it is not possible for a broker to enforce a termination clause if the insured goes out of business.
Bribery Act looms as guidance is published
The director of Public Prosecutions (DPP) Keir Starmer QC, and the director of the Serious Fraud Office (SFO), Richard Alderman, have issued joint guidance for prosecutors on the Bribery Act 2010.
PPI tops list of complaints about general insurance
Complaints made to the regulator about payment protection insurance (PPI) came second only to complaints made about banking last year.
Jackson proposals to be implemented in full
The Lord Chancellor, Kenneth Clarke, today announced in the House of Commons proposals for implementing major changes to the way in which civil litigation is funded in England and Wales.
Competition Commission lays down rules over sale of PPI
The Competition Commission (CC) has published a list of requirements relating to the sale of payment protection insurance (PPI) in a bid to remedy the point of sale issues that have dogged he sector.
The Aldermanbury Declaration - one year on: the debate
If you missed yesterday's live webinar debating the Aldermanbury Declaration - one year on - it is now available for viewing on-demand.
ABI gives thumbs up to Osborne's Lord Young promise
The Association of British Insurers (ABI) has welcomed UK Chancellor George Osborne’s promise to implement the recommendations in Lord Young’s report on health and safety in full.
Payment protection market urged to respond to Government consultation before deadline
As the period for the Treasury’s consultation on Simple Financial Products draws to a close, the protection insurance industry has been urged to respond or live with the consequences.
FSA to cap headcount as it prepares for restructure
The Financial Services Authority (FSA) has published its business plan setting out the priorities for 2011/12 and implications for its budget.
UK brokers pay three times more for regulation than any other Euro state
The British Insurance Brokers' Association (Biba) chief executive Eric Galbraith called for a fresh approach to regulation as he revealed key findings of research into the cost and future of regulation.
Regulation preventing brokers from growing their businesses
A survey of Insurance Age readers has found that nearly 95% of brokers in the country find it more difficult to do their day to day job as a direct result of regulation.
Insurance Age blog: Has equality gone mad?
To say that the European Court of Justice's decision to no longer allow insurance companies to use gender in the calculations of premiums has been met with criticism would certainly be the understatement of the week.
FSCS claws back some cash from failed PPI firm
The Financial Services Compensation Scheme (FSCS) has declared Welcome Financial Services (WFS) in default.