Politics
FSA consultation kicks off with confirmation of 2011 revamp
The Financial Services Authority (FSA) has revealed it will begin its radical transformation at the start of next year as it launched a consultation into the shake-up.
Jackson consultation slated for leaving brokers in dark
Experts have criticised the Government's Jackson review consultation, claiming it has left the industry "in the dark" on key measures.
Industry anticipates further IPT rises to catch up with EU levels
Industry experts have warned of further Insurance Premium Tax (IPT) hikes as the Government attempts to bring UK tax levels into line with the rest of Europe.
Government to consult on how to implement Jackson Review
The coalition Government has announced a consultation on implementing the recommendations laid out in Lord Justice Jackson’s Review of Civil Litigation Costs.
New government: Coalition consequences
The new government has already announced the end of the Financial Services Authority and an Emergency Budget full of spending cuts and tax rises. Emmanuel Kenning looks at the implications for insurance brokers.
Viewpoint: The tonic the economy needed
On 22 June, Chancellor George Osborne delivered his Emergency Budget. It set out a faster reduction of the deficit than was envisaged by the previous government and, crucially, defined how the bulk of the adjustment would be achieved through lower…
News analysis - Emergency Budget: Chancellor's axe and tax
Emmanuel Kenning reviews economists' reactions to the announcements in the Emergency Budget.
The PB interview - Bill Cooper: Bright light in the gloom
Andrew Tjaardstra meets Bill Cooper, managing director for insurance in the financial institutions division at Lloyds TSB Corporate Markets. Despite being cautious about prospects for brokers as the UK's economic malaise continues, the firm is very much…
Video: the impact of regulatory structure reforms
Jonathan Evans MP and chairman of the All Parliamentary Group on Insurance & Financial Services, meets Incisive Media’s David Worsfold to discuss the impact of the proposed reforms of the regulatory structure on the insurance and retail financial…
Cable's red tape-cutting committee meets
A new cabinet committee, chaired by business secretary Vince Cable and charged with with reducing the heavy burden of red tape on business, met for the first time today.
Third Parties Act 2010: Ending the uncertainty
After a wait of 80 years, the Third Parties Act has finally been reformed. Nicola Billen looks at the problems with the original and how the new Act shapes up.
Reportage - coalition government: A political maze
With the first coalition Government in more than 50 years in power, there is plenty of unease among businesses as to what it will mean for them. Louise Meeson explores the risks SMEs face amid a lack of clear direction
Viewpoint: Principles versus PC
Tony Bridgland wrote a long-running satirical column in Insurance Age from 1992, firing barbed broadsides at insurers and regulators alike and, for seven years, was the insurance watchdog for the Sun newspaper. Now he comes out of semi-retirement to put…
Industry divided over repercussions of rising IPT
The increase in Insurance Premium Tax (IPT) announced in the Government's emergency Budget has met with mixed reactions.
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.
Emergency Budget 2010: IPT rise will not impact on rate hikes says Bluefin boss
Stuart Reid, chief executive, Bluefin Insurance Services, said the IPT standard rate increase announced by as part of the emergency Budget would be welcomed by many.
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.
Aviva chairman joins Cable’s group
The government has confirmed the members of the Business Advisory Group established last month with the remit of acting in an advisory capacity to Vince Cable, Secretary of State, Business, Innovation and Skills.
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…
Majority of UK businesses report upturn in trade
UK businesses are starting to emerge from the recession, according to a poll of delegates at Coface UK and Ireland Country Risk Conference.
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.
AMII warns Government off IPT increase
Any rise in insurance premium tax (IPT) will severely hit an NHS already under pressure, according to the Association of Medical Insurance Intermediaries (AMII).
PJ Hayman calls for IPT standardisation
PJ Hayman, specialist travel insurance and Schemes provider, has called on the new Government to reassess the level at which Insurance Premium Tax (IPT) is charged on travel insurance.