Regulation
FSA signs off 9.9% rise in funding
The Financial Services Authority (FSA) has confirmed its annual funding requirement for 2010/11.
Back in discussion: CC pushes for point-of-sale PPI ban
The Competition Commission (CC) is to return to the issue of payment protection insurance (PPI) and is once again pushing for a point-of-sale ban.
Tim Breedon to become ABI chairman
The Association of British Insurers has confirmed that Tim Breedon, group chief executive of Legal & General, has been nominated to become its next chairman.
FBP welcomes coalition policy pledge
The Forum of Private Business claims thousands of smaller businesses could benefit from measures outlined in the coalition agreement between the Conservative and Liberal Democrat parties published today.
BIBA 2010: Ex-Aviva public affairs head urges Tory colleagues not to scrap IIWG
The former head of public affairs at Aviva and new Conservative MP Tracey Crouch, believes the Insurance Industry Working Group (IIWG) report should not simply be scrapped because of a change of government.
FOS insurance disputes up 38% due to PPI complaint surge
The Financial Ombudsman Service (FOS) resolved a record 166,321 disputes in 2009/10 – a 46% annual increase – resulting in compensation for consumers in 50% of cases.
BIBA 2010: Willis CEO questions FSA's "grandfathering" of Quinn
Willis chief executive Joe Plumeri has questioned the Financial Service Authority's (FSA) role in the problems revolving around Quinn Insurance.
BIBA 2010: Galbraith calls on Government to introduce the "right legislation"
The British Insurance Brokers’ Association (Biba) is set to launch a major lobbying campaign to promote the role of the broker to the Liberal-Conservative coalition government.
Annual inflation rate rises again
According to data from the Office for National Statistics (ONS), in the year to April, the consumer prices index (CPI) rose by 3.7%, up from 3.4% in March.
FSA criticises brokers' anti-bribery and corruption standards
The Financial Services Authority (FSA) has published the findings of its recent review of anti-bribery and corruption systems and controls in commercial insurance broker firms.
Possible future for FSA, despite Tory promise
The Financial Services Authority (FSA) is likely to survive despite the Tory pledge to abolish the financial watchdog.
PB Week: Discussions, drinks and the CII's Steve Davis pool challenge - all at Biba 2010
Biba's conference and exhibition, which kicks off next Wednesday, gives us the chance to talk to carriers and brokers about what is going on in their world.
Complaints about GI intermediaries on the rise
The number of complaints against general insurance intermediaries has increased by 1,000 to 144,975 in the second half of 2009, compared to H1 2009, according to FSA figures.
IIB relaunches legal advice line
The Institute of Insurance Brokers (IIB) has relaunched its legal advice line for members.
SMEs crave post-election certainty following hung parliament
The Forum of Private Business has commented on the election result
Legal: Introducing The Equality Act (2010)
The UK's disparate laws on equality based on personal characteristics have been unified with the introduction of The Equality Act (2010). James MacNish Porter and Rachel Dineley explain the big changes that the Act heralds.
Viewpoint: Labour's regulatory record
When Labour swept into office in 1997 they arrived with a manifesto with much to say about financial services. They launched into their promised reforms of the institutions governing the sector, making the Bank of England independent for the first time…
News Analysis: Is new note approach fit for purpose?
Emmanuel Kenning looks at a change in legislation designed to get people back to work as soon as possible after a period of sickness.
News Analysis: Promoting public financial knowledge
Emmanuel Kenning reviews the formation of an independent body designed to enhance the public's understanding and knowledge of financial services.
800 redundancies rumoured at Quinn
Quinn Insurance administrators have drawn up plans to make about 800 staff redundant, Irish state broadcaster RTE is reporting.
Viewpoint: The iniquity of regulation
Concerned over potentially crippling regulation costs, Barbara Bradshaw suggests the FSA could look internally at its own spending before loading fees onto the insurance industry and, ultimately, the consumer.
Your letters: Taking care of the environment
Having read some recent articles about the Environmental Damage (Prevention & Remediation) Regulations, I have to comment that in view of the length of time that the Environmental Liability Directive (ELD) was anticipated, it is amazing how many…
E-commerce: Industry risks financial penalties for breaching data protection
Brokers and insurers are exposing themselves to regulatory fines for not organising their data storage properly, a new study has claimed.
Risk management/claims: Fraud crackdown calls for travel claims transparency
Insurance experts have called for an industry-wide solution for sharing travel claims information in a bid to fight fraud.