Regulation
Con-Dem health and safety review branded 'waste of time'
Andrew Wigmore, policy director of the Claims Standards Council (CSC) has slammed the Government's health and safety review as a rehash of the Jackson review and a "waste of time, effort and money".
Two FSA heads jump ship following plans to reform
The Financial Services Authority (FSA) has been hit by two senior resignations as the coalition Government announced its plans to reform the regulatory system in the UK.
Light at the end of the FSCS levy tunnel?
It remains unclear whether brokers left reeling by huge increases in the Financial Services Compensation Scheme will be able to seek a retrospective reduction from the regulator.
Two insurers face further FSA probing
The Financial Services Authority (FSA) has launched further investigation into two insurance companies as part of its review into the operation of with-profits funds.
FSA to lose head of supervision
The Financial Services Authority (FSA) has announced that Jon Pain, managing director of supervision and an FSA board member, has decided to leave the organisation in 2011.
Quinn model "deeply troubled" claims regulator
A senior official at the Irish Financial Regulator has described Quinn Insurance's business model as "deeply troubled", according to reports.
Emergency Budget 2010: IPT rise will not impact on rate hikes says Bluefin boss
Stuart Reid, chief executive, Bluefin Insurance Services, said the IPT standard rate increase announced by as part of the emergency Budget would be welcomed by many.
Emergency Budget 2010: Travel insurance provider slams gulf in IPT rates
Specialist travel insurance and schemes provider, PJ Hayman has hit back at the rises in insurance premium tax (IPT) after Chancellor of the Exchequer, George Osborne, announced an increase from 5% to 6% on products such as motor and home while raising…
Video: will Axa pull out of the UK?
Head of corporate development at the CII, Alasdair Stewart and Incisive Media’s, David Worsfold, join Martin Friel, Insurance Age editor to discuss the big industry news stories of this month.
Emergency Budget 2010: CGT and IPT rise meets mixed reactions
As part of the coalition government's emergency Budget, Chancellor George Osborne has announced increases in capital gains tax (CGT) and insurance premium tax (IPT).
Emergency Budget 2010: Biba fears IPT rise will lead to cuts in cover
The British Insurance Brokers' Association (Biba) said it is concerned that consumers and businesses will be hit by increasing insurance costs.
Emergency Budget 2010: IPT to rise
Chancellor George Osborne has announced that insurance premium tax (IPT) will rise from 5% to 6% while the higher rate of 17.5% will increase to 20%.
Emergency Budget causes City jitters
As the Chancellor puts the final touches to his emergency Budget speech, new research from BDO suggests that the City is still feeling nervous about the impact of a coalition government and some international businesses have one eye on the door.
Video: The future of regulation explained
Expert advice on what to expect from George Osborne's plans for regulation.
CII outlines new London Market qualification
The Chartered Insurance Institute has outlined its new award in London Market Insurance to be launched in July.
IUA calls for adequate regulation
Nick Lowe, director of government affairs at the International Underwriting Association (IUA), said the general insurance industry played "only a small role" in the financial crisis and that consequently there have been few calls for changes to the…
Hector Sants blames much of financial crisis on culture
FSA chief executive Hector Sants has lamented evidence that the "behavioural issues" which contributed to the financial crisis are still being observed in some major firms.
Law firm highlights drawbacks of "one stop shop" regulator
Bruno Geiringer, a partner in the insurance group at Pinsent Masons, said that "scraping the FSA for banks is right but the case is not made for insurers".
Chancellor confirms FSA will "cease to exist in current form"
Chancellor George Osborne has confirmed in his first Mansion House speech that he will give the Bank of England the key role in regulating the UK financial sector and that the Financial Services Authority (FSA) will “cease to exist in its current form”.
FSA powers to be cut
Chancellor George Osborne has confirmed that he will give the Bank of England the key role in regulating the UK financial sector, according to reports.
Report puts UK national debt at nearly £5trillion
The Institute of Economic Affairs has estimated that the national debt including pension liabilities and likely liabilities to be incurred by the government in respect of the banking sector is £4.8 trillion (333% of GDP).
PJ Hayman calls for IPT standardisation
PJ Hayman, specialist travel insurance and Schemes provider, has called on the new Government to reassess the level at which Insurance Premium Tax (IPT) is charged on travel insurance.
Business confidence dented by forthcoming Budget
According to latest Economy Watch survey by the Forum of Private Businesses, confidence has been impacted by fears that increases in the Budget culd hit small businesses hard.
Regulator dished out £33m in bonuses last year
The Financial Services Authority (FSA) paid out £33m in bonuses last year and pays, on average, over £92,000 to its 3,300 employees.