Regulation
FSA to investigate Goldman Sachs
The Financial Services Authority (FSA) has decided to commence a formal enforcement investigation into Goldman Sachs International following claims by the Securities and Exchange Commission (SEC).
FSA playing hardball over Quinn's UK return
The Financial Services Authority (FSA) is reported to be playing hard ball over Quinn's re-entry into the UK insurance market.
Quinn staff cancel rally
Quinn employees have cancelled today’s planned rally but have handed in a 15,000-strong petition to Financial Regulator Matthew Elderfield this morning at the Central Bank in Dublin.
Quinn withdraws administration objection
The board of Quinn Insurance has withdrawn its objection to the petition for the appointment of joint administrators to the company.
Irish Financial Regulator challenges Quinn to "show me the money"
The new Financial Regulator Matthew Elderfield said yesterday he was sympathetic to the plight of the workers but had to ensure policyholders were protected.
Political parties adopt differing tax approaches on run up to General Election
Louise Somerset, tax director at RBC Wealth Management, says the approach to tax is all about "stability" for Labour, "competitiveness" for the Conservatives, and "equality" for the Liberal Democrats.
Quinn urges reopening of UK business
In a statement, the insurer said it is "pleased" with the decision to adjourn its administration hearing.
Biba publishes liability guidance for brokers
The British Insurance Brokers’ Association (Biba) has launched a new publication that aims to clarify the issue of limitation of liability for brokers when advising clients.
FSA powers boosted
The Financial Services Bill, which received Royal Assent on 8 April, gives the Financial Services Authority (FSA) new powers and duties, according to law firm Lovells.
Flood Bill gains Royal Assent
The Flood and Water Management Bill has gained Royal Assent after passing through the House of Commons and House of Lords earlier this week.
Overseas terrorism compensation scheme given seal of approval
A scheme to compensate British citizens injured by terrorist attacks outside the UK has received Royal Assent.
DAS to launch revised ATE scheme
The after-the-event (ATE) trading division of DAS, 80e, has unveiled the latest version of its scheme Justice Solutions.
Management Clinic: Off the radar?
The FSA has issued another 'Dear CEO' letter to bigger firms on solvency. As it hasn't seen fit to include my firm, presumably it doesn't apply to us, as we must be 'under their radar'?
Legal: The lay of the land
Dan Preddy, financial services partner at Beachcroft, looks at what brokers can expect from the FSA in 2010
Editor's Comment: Quinn raises responsibility issue
The Editor's comment by Andrew Tjaardstra
News Analysis: RTA reforms set to launch
Emmanuel Kenning investigates the changes designed to make personal injury claims from road traffic accidents simpler, quicker and cheaper
Chubb warns new fit note will not create "duty of care"
The insurer said the new Government scheme could potentially raise some questions with regards to employer’s insurance liability in the event of a claim from an employee
Reportage: Decisions,decisions
Giving policyholders freedom of choice to select which lawyer handles their BTE claim sounds positive, however Paul Jacobs argues that it could do more harm than good for the legal expenses market
The Jackson Review of civil litigation costs
Lord Justice Jackson's final Review of Civil Litigation Costs report was published on 14 January 2010, following a preliminary report in May 2009.
The Ministry of Justice reforms
The Ministry of Justice reforms for low value road traffic accident personal injury claims, valued between £1,000 and £10,000, are due to be implemented on 30 April. The live date was deferred from 6 April.
Reportage: The legal expenses landscape
Louise Meeson asks what is on the horizon for the legal expenses sector following the implementation of the Ministry of Justice reforms and explores the implications of the Jackson proposals.
Editor's comment
At first glance, the Budget should be a definite positive for brokers.
Insurers considered irrelevant in MMC and fire risk debate
Experts have warned that obtaining cover for buildings using modern methods of construction (MMC) could become increasingly difficult after insurers were prevented from taking part in a London Assembly planning committee meeting.