Regulation
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.
HMRC issues VAT changes via podcast
HM Revenue & Customs (HMRC) has launched its first ever Super Podcast, to alert businesses to major changes in the way they file and pay VAT, PAYE and corporation tax
Parliament considers MoJ reforms
Parliament is considering the Ministry of Justice (MoJ) fast-track cost regime reforms for low level road traffic accident personal injury claims.
Are we getting our just deserts?
One can only surmise that sometime in the past, Gordon Brown had an unfortunate experience with a general insurance broker
Brokers warned: IMD review may enforce UK fee disclosure
Broker trade bodies have warned that the current revamp of European law may lead to commission disclosure becoming mandatory in the UK
Confusion predicted in aftermath of Sants exit
Industry experts have voiced fears that the departure of Financial Services Authority (FSA) head Hector Sants will plunge the insurance sector into confusion
'Obscene' levies squeeze broker finances
Brokers could be forced out of business as a result of huge financial demands in the shape of a £70m levy made by Financial Services Compensation Scheme (FSCS) and a significant increase in minimum Financial Services Authority (FSA) fees
More than 30% say RDR review will benefit no one
New research from Paaleads.com, Moneysupermarket.com’s lead generation business, shows that 31% of its financial advisers say the proposed retail distribution review (RDR) will benefit no one.
Law firm claims more companies may fight FSA decisions
Mathew Rutter, financial services partner at law firm Beachcroft, said: "The FSA has told firms to "be afraid", and now we know why."
FSA fines could treble in size
The Financial Services Authority (FSA) has published its new penalties policy, which it claims "establishes a consistent and more transparent framework" and could see enforcement fines treble.
ABI welcomes Government asbestos pledge
The Association of British Insurers (ABI) has welcomed the announcement by the Justice Secretary Jack Straw of a package of measures to help people with asbestos-related diseases.
FSA issues warning following rise in 'boiler room' activity
The Financial Services Authority (FSA) has warned of an increase in overseas fraudsters selling shares using the names, registration numbers and addresses of FSA authorised firms and individuals.
One in five admit to insurance 'fronting'
New research from the Motor Insurers Bureau (MIB) and Aviva reveals that 70% of UK drivers do not understand what 'fronting' means, but that one in five of those that do understand the term admit to it.
Firm warns of power vacuum following Sants departure from FSA
The UK financial services industry needs to remain calm despite the announcement of Hector Sants' departure from the Financial Services Authority (FSA), warns Wolters Kluwer Financial Services.