Financial Services Authority (FSA)
Leaked Brit takeover offer sparks FSA investigation
The Financial Services Authority (FSA) has launched an investigation into the private equity bid for Brit Insurance after details of the approach were leaked before the stock exchange was informed.
Two FSA heads jump ship following plans to reform
The Financial Services Authority (FSA) has been hit by two senior resignations as the coalition Government announced its plans to reform the regulatory system in the UK.
Light at the end of the FSCS levy tunnel?
It remains unclear whether brokers left reeling by huge increases in the Financial Services Compensation Scheme will be able to seek a retrospective reduction from the regulator.
Two insurers face further FSA probing
The Financial Services Authority (FSA) has launched further investigation into two insurance companies as part of its review into the operation of with-profits funds.
FSA to lose head of supervision
The Financial Services Authority (FSA) has announced that Jon Pain, managing director of supervision and an FSA board member, has decided to leave the organisation in 2011.
Video: will Axa pull out of the UK?
Head of corporate development at the CII, Alasdair Stewart and Incisive Media’s, David Worsfold, join Martin Friel, Insurance Age editor to discuss the big industry news stories of this month.
Video: The future of regulation explained
Expert advice on what to expect from George Osborne's plans for regulation.
IUA calls for adequate regulation
Nick Lowe, director of government affairs at the International Underwriting Association (IUA), said the general insurance industry played "only a small role" in the financial crisis and that consequently there have been few calls for changes to the…
Law firm highlights drawbacks of "one stop shop" regulator
Bruno Geiringer, a partner in the insurance group at Pinsent Masons, said that "scraping the FSA for banks is right but the case is not made for insurers".
Chancellor confirms FSA will "cease to exist in current form"
Chancellor George Osborne has confirmed in his first Mansion House speech that he will give the Bank of England the key role in regulating the UK financial sector and that the Financial Services Authority (FSA) will “cease to exist in its current form”.
FSA powers to be cut
Chancellor George Osborne has confirmed that he will give the Bank of England the key role in regulating the UK financial sector, according to reports.
Regulator dished out £33m in bonuses last year
The Financial Services Authority (FSA) paid out £33m in bonuses last year and pays, on average, over £92,000 to its 3,300 employees.
FSA bans two insurance brokers
The Financial Services Authority (FSA) has taken action against two insurance brokers - Delwyn Way of Shield Insurance Consultancy and Adrian Shillaker of Griffiths McAlister Insurance Brokers for failing to adequately protect client’s money and assets.
FSA authorisation time increasing, says RPC
The length of time that financial services firms are having to wait to get authorisation from the Financial Services Authority (FSA) continues to climb "inexorably", says law firm Reynolds Porter Chamberlain (RPC).
Calling all UK brokers
There are only two weeks left to get your entries in for the 2010 UK Broker Awards, the only industry awards dedicated to the broking community.
Quinn may have to raise commercial rates by 3000% to secure UK re-entry
Quinn Insurance may have to increase rates on its UK commercial premiums by 3000% to secure regulatory approval to re-enter the market.
Focus: Outsourcing for profit
From IT to human resources and claims management, recession-affected margins could be improved by outsourcing - no matter what the size of your company, writes Sam Barrett.
Management Clinic: Securing the stamp of approval
We have the opportunity to expand into Europe but, after all the bad publicity about passporting surrounding an Irish insurer recently, is it a good idea?
News Analysis: Brokers swarm ExCeL at Biba 2010
Emmanuel Kenning reviews a successful Biba conference at which brokers networked with insurance leaders and debated what the future holds under the new Conservative-Liberal Democrat coalition government.
FSA extends PPI complaint window
The Financial Services Authority (FSA) has announced a temporary rule to give customers, who recently made a complaint about their payment protection insurance (PPI) policy, more time in which to refer their complaint to the Financial Ombudsman Service …
FSA signs off 9.9% rise in funding
The Financial Services Authority (FSA) has confirmed its annual funding requirement for 2010/11.
News review: May
Former insurance broker turned MP, Andrew Stephenson, described being an intermediary under the labour Government as a "nightmare".
Agenda: Travelling on a dodgy passport
The Quinn saga came as no surprise to most of us in the industry. The position at the time of writing is that the UK business of Quinn is in run-off and the Irish parent company is in administration.
Risk management/claims: FSA in warning over bribery and corruption controls
Commercial brokers risk imprisonment and unlimited fines if they do not strengthen their anti-bribery and corruption systems and controls.