Regulation
FSCS opens for claims from customers of failed broker Anthony Jones
The Financial Services Compensation Scheme has opened to claims from customers who paid for insurance through collapsed broker Anthony Jones (U.K.) but find themselves without the relevant cover and unable to recover the premiums by other means.
Australia insurance body CEO warns AI threatens broking
Insurance Council of Australia CEO Andrew Hall has warned that artificial intelligence threatens the existence of insurers and brokers.
FCA kicked off financial year with improved authorisation service bar one outlier
The Financial Conduct Authority has upped its game on authorisation service levels in categories affecting brokers, with improvements in four areas, but one notable outlier where the performance dipped.
FCA’s Knight updates on cyber insurance report
Chris Knight, director of insurance at the FCA, has updated on the progress of its report into the take up of cyber insurance, and how the regulator has to keep pace with technological advancements.
Aviva calls on Ofcom to assist in fight against ghost broking
Aviva has urged Ofcom to use its consultation on Fraudulent Advertising Codes of Practice as an opportunity to strengthen online advertising rules, as the insurer has supported its proposals for tougher action to deter the threat posed by online…
Wakam UK reassures as European arm restricts activity
Capacity backer of brokers and managing general agents Wakam UK has confirmed it is “absolutely not” affected as the European arm addresses issues from the French regulator.
The new shape of broking – consolidation, investment and the next generation of broker businesses
Broker Expo 2026 Countdown: New ownership models, private investment and entrepreneurial broker groups are creating different opportunities for firms to grow while maintaining their identity. Ahead of the Expo panel session next week Rachel Gordon…
FCA cancels insurance distribution business’ permissions
The Financial Conduct Authority cancelled Professional Liability Network’s permission to carry out regulated activities on 11 September 2026.
Mid-corporate brokers at investment or sale crossroads
Independent brokers dealing with larger corporate clients need to weigh up the option of sale or large technology investment to meet client demands in the present market.
FCA opens GI consultation to reduce reporting burden
The Financial Conduct Authority has opened a consultation on minor changes to reduce the reporting burden on general insurance firms.
FCA defends Consumer Duty to House of Lords Committee
The Consumer Duty has “teeth” and is delivering better outcomes, David Geale, executive director of consumers, payments and competition at the Financial Conduct Authority, has told a House of Lords Committee.
Broker hit for £250,000 – FOI reveals insurance sector’s S166 bill
A Freedom of Information request by Insurance Age has revealed the amount spent by a broker, and insurers, on Financial Conduct Authority-mandated skilled persons reviews that completed in 2025/26.
Insurtech in five-strong FCA innovation and scale-up cohort
Insurtech Urban Jungle has joined the Financial Conduct Authority’s scale-up unit, with the watchdog promising tailored support to help it innovate, navigate regulation and grow sustainably.
Why The Mills Review is the AI starting pistol for brokers
Most coverage of The Mills Review, published on 6 July, has focused on what it does not do. There is no new AI rulebook, no new obligations and nothing specific to implement. But that somewhat misses the point, writes Robin Knowles, compliance consultant…
Renters’ Rights Act strengthens brokers’ role as trusted advisers to landlords – Aviva research
A survey of over 500 UK landlords has pinpointed brokers and insurers as the leading source of support as they navigate an increasingly complex regulatory environment, according to Aviva.
MGAA appoints compliance and regulatory partner
The Managing General Agents’ Association has appointed Padda Consulting as its new UK compliance and regulatory partner commencing 1 September 2026.
FCA highlights Bluefin fine as it warns on vertical business model transparency
The Financial Conduct Authority has published advice on how general insurance firms should manage potential conflicts of interest coming from vertically integrated business models.
Aviva, Admiral and NFU CEOs rally against product standardisation at HoL hearing
Aviva’s UK and Ireland CEO Jason Storah has said the standardisation of insurance products would be a “step back” and reduce competition, innovation and personalisation.
PRA fines insurer £4.165m for incorrect FSCS data submissions
The Prudential Regulation Authority has fined specialist insurer HDI Global SE £4,165,000 in connection with the submission of incorrect data to the regulator.
Kent broker halted from doing regulated activity by the FCA
The Financial Conduct Authority has today announced Anthony Jones has agreed to stop carrying out any Part 4A permission regulated activity, meaning it can't provide any services on behalf of an insurer.
FCA headcount rises to 5,510
The Financial Conduct Authority grew group headcount from 5,379 to 5,510 its report and accounts for the year ended 31 March 2026 has revealed.