Regulation
FSCS levies set: brokers stung by higher than expected £61m
The Financial Services Compensation Scheme (FSCS) has set the 2010/11 general levy at £148m with brokers being hit by more than £60m of that.
Hung parliament could stifle economic green shoots
Brokers have been warned that the lack of a clear winner in the UK's forthcoming general election is the biggest threat to the green shoots of economic recovery.
Admiral denies watchdog's race discrimination allegations
The insurance industry has come under the microscope following allegations that Admiral breached race discrimination laws.
Brokers cautioned to take note of fixed-premium IPT exception
Despite the Chancellor's u-turn on the imposition of IPT on intermediary fees, brokers have been warned that they may still apply to add on policies such as legal expenses and breakdown cover.
The UK history of Quinn Insurance
Following an application by the Irish Financial Regulator, the High Court has appointed joint provisional administrators to Quinn Insurance.
Could Quinn downfall trigger a hard market?
The Irish Financial Regulator's decision to stop Quinn Insurance writing new business in the UK could kick-start a return to a hard market, industry experts have claimed.
SME plans fail to impress
The 2010 Budget proposals to ease the burden for small to medium-sized enterprises (SMEs) have received a lukewarm reception from the business community.
RPC raises concern over FSA discount on mounting fines
The Financial Services Authority (FSA) has smashed its record fines for last year by 21%, handing down £33.1m in fines, according to Reynolds Porter Chamberlain (RPC)
Quinn Insurance enters administration
The High Court has this morning appointed provisional administrators to Quinn Insurance, owner of Quinn Direct and Quinn Healthcare, on an application by the Financial Regulator
Interim FSCS levy scrapped but £61m PPI burden on brokers remains
The Financial Services Compensation Scheme (FSCS) has set the 2010/11 general levy at £148m.
Budget 2010: SMEs not satisfied with Darling's proposals
More than nine out of ten small to medium enterprises (SMEs) were left disappointed by this week’s Budget, a snap poll has revealed
FSA publishes rules on adviser charging
The Financial Services Authority (FSA) has today (26 March) published new rules that aim to "remove commission bias" from the sale of retail investment products and boost consumer confidence.
Budget 2010: IPT broker burden reduced
Biba and the IIB have both expressed satisfaction following the publication in today's Budget of the final legislation extending the scope of Insurance Premium Tax (IPT).
Budget 2010: Questions raised over how SME measures will be delivered
The Chancellor’s proposals for small to medium sized enterprises (SMEs) have received a lukewarm welcome with experts voicing concern over how they will work in practice.
Budget 2010: Government extends near £50bn lending lifeline to small businesses
The Chancellor has announced new lending targets of £94bn for the Royal Bank of Scotland (RBS) and Lloyds Bank
Brokers urged to raise awareness of environmental regulation
Allianz Engineering is reminding brokers of the imminent introduction of a government-backed climate change and energy saving scheme which could affect around 20,000 UK businesses.
Biba blasts FSA stance on adequate resources
Eric Galbraith, chief executive of the British Insurance Brokers' Association (Biba), has criticised the Financial Services Authority's (FSA) approach to adequate resources.
PPI reimbursement could cost up to £3bn, warns report
The Financial Services Authority (FSA) consultation document on Payment Protection Insurance (PPI) mis-selling has costly and serious ramifications for the PPI industry, according to Defaqto.
FSA plans to hire 460 staff to boost supervision and implement Solvency 2
The Financial Services Authority (FSA) has published its business plan setting out its priorities for 2010/11.
Government in dog insurance law u-turn
The Government has made a u-turn on plans to force all dog owners in England and Wales to insure against their pets attacking someone.
Boiler room master list discovered
The Financial Services Authority (FSA) and City of London Police (CoLP) have contacted 1,000 people across the UK to warn them that their personal details are on a 'master list' being used by fraudsters to sell them worthless shares.
IOR releases second installment of risk management guidance
The Institute of Operational Risk (IOR) has published the second sound practice guidance paper in its new series on the topic of Risk Control Self Assessment.
FSA unveils intensive consumer protection strategy
Hector Sants, CEO of the Financial Services Authority (FSA), has outlined the watchdog's new consumer protection strategy.
FSA to consult further on PPI following "highly critical" industry response
The Financial Services Authority (FSA) is to embark on further consultation for its plans to reform the Payment Protection Insurance (PPI) market.