Regulation
Biba speaks out against FSA's proposal to more than double minimum fee
The British Insurance Brokers’ Association (Biba) has criticised the Financial Services Authority’s (FSA) consultation paper CP10/05 which suggests raising the minimum fee from £450 to £1,000
FSCS predicts rise in PPI claims
Rising payment protection insurance (PPI) and investment claims are key drivers of compensation costs for the rest of 2009/10 and into 2010/11, according to the Financial Services Compensation Scheme.
FSA bumps up annual funding requirement
The Financial Services Authority (FSA) has announced its proposed annual funding requirement for 2010/11 which requires an increase of 9.9% in overall funding.
ABI hits back at Government employers' liability proposal
The ABI has voiced concerns about proposals to set up an Employers’ Liability Insurance Bureau (ELIB), as outlined in a Department for Work and Pensions consultation paper
Hector Sants resignation could leave regulator hamstrung
Hector Sants resignation risks the regulator looking like a lame duck as political parties squabble over regulation, according to a City law firm.
FSA CEO Hector Sants to leave in summer
The Financial Services Authority (FSA) has announced that Hector Sants will leave the organisation in the summer of 2010, after three years as CEO.
IFB enhances fraud awareness
The Insurance Fraud Bureau (IFB) has seen website and Cheatline figures rise significantly during 2009 following a rise in public awareness.
Law firm calls for FSA governance plans to be delayed for insurers
Proposals by the Financial Services Authority (FSA) to reform corporate governance should be delayed for insurers, according to law firm Reynolds Porter Chamberlain (RPC).
FSA bans director of mortgage and general insurance firm
The Financial Services Authority (FSA) has banned the director of a Manchester-based mortgage and general insurance firm from holding senior positions in the financial services industry.
Your letters: From the Broker Forum, 14 January
Mike Cranny: Lord Jackson's report on legal reform has been published
Savings from offshoring swallowed by tax hikes
Insurers that made huge savings by offshoring processes to low-cost locations outside the European Union (EU) will see these savings significantly reversed due to changes in the application of VAT
Increased FSA scrutiny shows it means business
The Financial Services Authority (FSA) has made it clear that there will be no let up in its hardline approach to financial misconduct with a series of broker bans and an increase in business surveillance
IIB CEO condemns fee proposals as a 'burden'
Barbara Bradshaw, chief executive of the Institute of Insurance Brokers (IIB), has slammed Financial Services Authority (FSA) proposals on fees and levies as a "burden for the smaller broker"
Jackson review deals blow to legal expenses
The proposals contained in Lord Justice Jackson's Review of Civil Litigation Costs could, if implemented, revolutionise the legal expenses market and have a devastating impact on the after-the-event (ATE) market
Jackson report stokes controversy
Emmanuel Kenning summarises industry reactions to recommendations that could shatter the after-the-event insurance market
Power Hour: A taxing issue
The Government's surprise IPT ruling has caused uproar among the broking community as concerns mount over the sharing of commercially sensitive information. Martin Friel reports
Biba welcomes Government signposting proposals
The British Insurance Brokers' Association (Biba) has welcomed the new policy statement from the Government's equality office which aim to ensure that customers can obtain cover
Investing in the Profession: An interview with . . Sandy Scott, CII
PB's group editor in chief Ant Gould talks to Sandy Scott, chief executive of the Chartered Insurance Institute about the opportunities chartered status presents for the broking sector.
FSA fines Sett Valley Insurance Services and partners
The Financial Services Authority has levied fines totalling £49,000 on a Derbyshire-based Sett Valley Insurance Services and its two partners Leslie Lugsden and John Hargreaves
FSA focuses on governance standards
The Financial Services Authority (FSA) has today issued a consultation paper (CP) on effective governance standards within firms
IUA says insurers that successfully implement Solvency II may win competitive edge
Companies that successfully implement Solvency II may make efficiency improvements and gain a competitive advantage on their rivals, according to the International Underwriting Association (IUA)
FSA letter in the post for broking CEOs warning them of obligations over clients' money
The Financial Services Authority (FSA) has sent a letter and report to the chief executive officers (CEOs) of major insurance brokers drawing attention to the regulator's concerns over the handling of clients' money and assets.
FSA bans Bolton broker
Mortgage and insurance broker, Riaz Ahmad, has also been fined £5,000
Biba welcomes Government decision on terrorism
British victims of terrorism abroad will now receive compensation