Financial Conduct Authority (FCA)
FCA announces £430m funding requirement
The Financial Conduct Authority (FCA) has announced an annual funding requirement (AFR) of £432.1m for 2013/14.
Power hour: Ready for regulation?
With a raft of new regulation in the pipeline, our panel of experts discusses whether brokers and insurers are ready for the upcoming changes. Andrew Pearce reports
FCA board members confirmed
The members of the Financial Conduct Authority (FCA) board have been confirmed for when the new regulator starts operating on 1 April 2013.
New broker regulator FCA to focus on add-on products
The incoming Financial Conduct Authority (FCA) is to focus on add-on products and services in the general insurance market.
Firms have no need to fear FCA, says Wheatley
Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), has stated that the new regulator will be less aggressive than the Financial Services Authority (FSA).
Chairmen named for incoming FCA practitioner panels
Three new chairmen have been appointed to the Financial Conduct Authority’s (FCA) independent panels.
Biba: IPT increase would be "counter-intuitive"
The British Insurance Brokers' Association (Biba) has warned the government ahead of the Budget that any increase in the standard rate of insurance premium tax (IPT) would be "counter-intuitive".
FSA branded stationery spend increased in year of regulator change
The Financial Services Authority (FSA) spent more on branded stationery for the 2012/2013 period than in either of the two preceding years.
Biba launches manifesto for 'year of change'
The British Insurance Brokers’ Association (Biba) has launched its 2013 manifesto entitled Meeting the Growth Challenge.
Biba reveals 2013 conference speakers
Martin Wheatley, CEO designate of the Financial Conduct Authority, David Miliband MP, Olympic cycling star Sir Chris Hoy MBE and entrepreneur Hilary Devey have all been named as headline speakers at this year’s British Insurance Brokers’ Association …
Sheila Nicoll to leave FSA
Sheila Nicoll, director of policy at the Financial Services Authority (FSA), has announced her decision to leave when it changes to the Financial Conduct Authority (FCA) in April.
Law firm issues mis-selling warning after FSA guidance
A leading law firm has warned firms to be "extremely careful" in designing sales incentives following the guidance issued by the Financial Services Authority (FSA).
FSA publishes mis-selling and incentive scheme guidance
The Financial Services Authority (FSA) has published final guidance in a move to help firms avoid creating and running incentive schemes that "drive mis-selling".
Perfect storm
Brokers face a volatile year of regulatory change
Queen labels FSA "toothless"
The Queen has blamed the Financial Services Authority (FSA) for lacking "teeth" ahead of the 2008 financial crisis.
Editor’s letter - December 2012
“Innovation, professionalism and sheer determination are just some of the qualities that have helped brokers turn the threats in 2012 into opportunities”
Biba urges government to re-think regulatory approach
The British Insurance Brokers’ Association (Biba) has called on the government to address regulation issues and to provide more support for the general insurance broking sector in the upcoming Autumn Statement.
Insurer regulation costs hit £730m
The UK general insurance sector is now paying well over £730m a year to cover the direct costs of regulation and compliance, according to research from Reynolds Porter Chamberlain RPC).
Broker Expo: Taking the regulation shackles off
Eric Galbraith, chief executive officer of the British Insurance Brokers’ Association (Biba) has reassured brokers that the trade body was urging government to “take the shackles of regulation off”.
New regulator rolls out road to power
Consultation paper tempers broker concerns over FCA’s future role
All work and no play
With the new regulator fast approaching it seems that every week more and more news stories seem to be focusing on what will change for the insurance industry.
Biba welcomes FCA clarifications
The British Insurance Brokers’ Association (Biba) has welcomed further clarification from the Financial Services Authority (FSA) ahead of upcoming changes.
FSA calls for feedback in consultation on journey to FCA
The Financial Services Authority (FSA) has published the ‘Journey to the FCA’ - a paper setting out how the new regulator will operate with a consultation period now open until 14 December.
UK Broker Conference 2012: Brokers warned of "pre-emptive" action
The Financial Service Authority's (FSA) head of wholesale and general insurance warned brokers that the incoming Financial Conduct Authority (FCA) will not just be the FSA "with a different letter".