News

Corona: CountingUp Has a Handy Furlough Calculator for SMEs

Countingup, the number one banking and accounting app in the UK, has launched a free furlough calculator, to help small businesses impacted by coronavirus(Covid-19). This is in addition to a grant calculator which the company […]

InsureTech

Cyber: Will The Virgin Media Data Breach Cost The Company a GDPR Fine?

About one million Virgin Media customer data records were left insecure online, meaning almost anyone could access them for 10 months, report the BBC and other mainstream media today. Although card details and bank account […]

InsureTech

Outsystems Teams Up With Cambridge & Counties Bank on Low Code Project

OutSystems, provider of the number one low-code application development platform, today announced that specialist lender Cambridge & Counties Bank is using its low-code platform to fuel a company-wide digital transformation initiative. Cambridge & Counties Bank will initially use OutSystems […]

Fraud

FCA Says Land Bank Fraud Victims Will Share £2.5m Compensation Fund

The Financial Conduct Authority (FCA) has obtained High Court approval for a scheme to return £2.5 million to compensate victims of a series of unauthorised collective investment schemes. Between 2005 and 2010, around 800 people […]

News

Fed Up of Rubbish Savings Rates? FCA Aims to Win Better Deal for Consumers

The Financial Conduct Authority (FCA) is proposing to reform the easy access cash savings market. Under new rules all firms will have to set a single easy access rate (SEAR) across all easy access accounts. […]

Insurance Regulation

PPC Company Fined 70K For Misleading Adverts

The Financial Conduct Authority (FCA) has fined Professional Personal Claims Limited (PPC) £70,000 for misleading consumers through its websites and printed materials. This decision follows the transfer of regulatory responsibility for claims management companies (CMCs) […]

News

Ireland: Claims, Compensation & Premiums Analysed by Central Bank

There’s a mixed picture in the motor insurance market across the Republic of Ireland, as claims incidents decrease, admin costs drop slightly, but premiums and settlements continue to rise. The latest report by the Central […]

Opinion

Bank Branch Closures Are Bad News for Insurers Too, Not Everyone is Online

The recent news that High Street banks are continuing to close branches and do away with paper statements is a blow to those who still have no internet access in the UK, or simply prefer […]