Regulation
FCA kicked off 2026/27 with no insurance S166s
The Financial Conduct Authority did not open a skilled person review into any firms in the insurance sector in the first quarter of 2026/27, the first time this has happened for over a year.
Lords Committee demands FCA goes further and faster on home, travel insurance
The cross-party House of Lords Financial Services Regulation Committee has urged the Financial Conduct Authority to go “further and faster in implementing and enforcing its rules on home and travel insurance” as it warned the Consumer Duty has not yet…
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.
FSCS opens for claims from Verus Financial Services customers
On 15 October the Financial Services Compensation Scheme opened for claims from Verus Financial Services customers.
Which? demands ban on brokers charging high motor APRs
Which? has named and shamed motor insurance brokers charging high interest rates on monthly policies and called for a ban on the practice.
No ‘particular targets’ for insurance regulation simplification, says FCA
Consumer Duty will be a building block for any future work on the simplification of insurance regulations that affect brokers, according to David Geale, executive director of consumers, payments and competition at the Financial Conduct Authority.
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.