Compliance
What does the 2025 Budget mean for insurance brokers?
On Wednesday afternoon, after weeks of speculation (and an unprecedented early leak by the Office for Budget Responsibility), the Chancellor finally revealed her second Budget. Tom Golding, PKF Littlejohn partner considers some of the main tax changes and what these may mean for insurance brokers.
Blog: Stick to what you know
Brokers have pushed back against the idea of self-regulation. Sticking with the Financial Authority is indeed the way forward to keep consumer trust, argues Rosie Simms.
Clear buys fire safety consultancy Delco
Clear Group has bought Delco Safety, a specialist fire safety and compliance consultancy, to expand its risk management division.
Is the FCA better the devil you know over self-regulation?
A self-regulated insurance industry could lead to a lack of consumer trust, brokers have told Insurance Age, as they called for a reduction in compliance costs and improving the efficiency of the Financial Conduct Authority instead.
Compliance experts push back on self-regulation for insurance
The insurance industry could not effectively mark its own homework if moved to self-regulation, according to compliance experts surveyed by Insurance Age, as the specialists noted an insurance specific regulator could be a middle ground.
Blog: Plugging gaps in the Appointed Representatives regime
David Allison, head of intermediary consultancy south at Insurance Compliance Services unpicks the latest move, this time from HM Treasury, on how the legislation underpinning the Appointed Representatives (AR) regime might change.
Broker Expo 2025 Countdown: Blink Intermediary Solutions’ Zoe Williams
As we countdown to Broker Expo in October we caught up with Zoe Williams, divisional director of exhibitor Blink Intermediary Solutions who explains how it can help make life easier for brokers by discovering innovative insurance products.
PremFina leaders tackle growth, profitability and regulation changes
As PremFina restructures for “the next stage of the journey”, chief product and revenue officer Laura Sweetman and chief strategy officer Danielle Medhurst share how it will partner with brokers en route to reaching profitability by the end of June next…
Newbie News: Activate Insurance Broker
Jordan Walker founded Activate Insurance Broker which launched on 1 August. Looking to scale the business through niche areas he explains why going the directly authorised route was right for him.
FCA opens 2025/26 with one S166 in insurance
The Financial Conduct Authority has confirmed commissioning one skilled person report in the insurance sector during the first quarter of 2025/26, after a recent record total the year before.
Is the broking industry really falling behind on AI adoption and innovation?
Brokers call on software houses to step up as pressure to implement AI solutions grows, especially when it comes to cost and integration. Ida Axling investigates.
Experts respond to ‘much ado about nothing’ FCA premium finance review
“After weeks of speculation, the overall feeling is one of ‘much ado about nothing’ – especially if you’re a firm doing the right thing,” said Michael Sicsic, managing partner of Sicsic Advisory, on the Financial Conduct Authority’s premium finance…
No broker commission bans or compulsory 0% APRs on premium finance, says FCA
The Financial Conduct Authority has confirmed it is not going down the route of banning broker commission in premium finance and will not be forcing a 0% annual percentage rate or bringing in a single level market-wide cap.
FCA consults on SM&CR and sets faster authorisation targets
The Financial Conduct Authority has opened a consultation on streamlining the Senior Managers and Certification Regime, and in a second announcement revealed new faster authorisation targets.
Premium Credit open for business after Close Brothers broker and personal lines cuts
Premium Credit has confirmed it is “there to support any distribution partners”, following competitor Close Brothers pulling back on personal lines premium finance lending and exiting up to 120 broker relationships.
CII members give thumbs down to FCA CPD proposal
The Chartered Insurance Institute has found significant opposition to the Financial Conduct Authority’s proposal to end the requirement for insurance employees to do a minimum of 15 hours training and development a year.
FCA confirms £38.8m broker fees for 2025/26
The Financial Conduct Authority has confirmed brokers will contribute £38.8m to its £783.5m budget for 2025/26.
Whistleblowing to FCA tops 1100 again in 2024/25
The Financial Conduct Authority received 1,131 whistleblowing reports in 2024/25, in line with the 1,124 the year before.
FCA looks at removing further unnecessary data reporting
The Financial Conduct Authority is proposing to remove unnecessary data reporting, in a move it said will benefit nearly all firms, help to reduce burden and unlock economic growth.
FCA confirms enforcement transparency after previous name and shame u-turn
The Financial Conduct Authority has published its Enforcement Guide, confirming the dropping of name and shame proposals in favour of keeping its ‘exceptional circumstances’ test.
FCA authorisation service slips back in Q4
The Financial Conduct Authority’s authorisation service in broker-related categories went backwards in the final quarter of the 2024/25 financial year.