Insurance Regulation

Digital Assets: FCA and Bank of England Set Out Regulatory Vision

The latest from the FCA; UK financial firms can adopt tokenisation and distributed ledger technology (DLT) with greater confidence, as the Financial Conduct Authority (FCA) and the Bank of England set out a shared vision and seek industry views on the […]

Insurance Regulation

Two New Leadership Appointments at FCA

The latest news from the FCA for you; The Financial Conduct Authority (FCA) has announced 2 permanent appointments to its executive team, strengthening leadership at a pivotal time for UK and global financial markets.  Simon […]

Insurance Regulation

ZestyAI Reckon Regulatory Delays Are Costing Insurers

The latest analysis from ZestyAI; A wide-ranging analysis of P&C filings by ZestyAI has found that the regulatory delays costing insurers tens of millions of dollars each day are predictable, compounding, and largely preventable. Using […]

Insurance Regulation

FCA Will Look at How Firms Deal With Bereaved Customers

The latest from the FCA for you; The Financial Conduct Authority (FCA) is reviewing how consumer investment firms support bereaved customers and whether they’re getting it right.  Fewer than half of bereaved customers (47%) felt they […]

Insurance Regulation

New Research Highlights Consumer Complaints

Everyone in the industry knows that claims timeframes, settlement amounts and MTA fees are constant sources of disagreement. Here’s the word; Latest analysis by MyHealthPal reveals insurance is the largest contributor to complaint growth across […]

Insurance Regulation

FCA Fines Wealth Adviser 750K and Issues Lifetime Financial Services Ban

The latest case report from the FCA for you; The Financial Conduct Authority (FCA) has banned Frank Breuer from working in UK financial services and fined him £755,000 for repeatedly acting without integrity and putting […]

Insurance Regulation

Extra Jail Time For Convicted Money Launderer

The latest case report from the FCA; A convicted money launderer has been sentenced to an additional 499 days in prison for failing to fully pay the money owed under a Confiscation Order.   In 2021, Richard Faithfull, now 36, was sentenced to 5 years and 10 months in prison for laundering £2.5 million, […]

Insurance Regulation

FCA Announces Investigation into Claims Management Sector

Some may say they provide a useful service for those who cannot navigate various online portals, or claim directly from banks, insurers or public sector bodies. But others feel more regulation is needed on fees, […]