Insurance Brokers

FCA Takes Action Against IFM, Individuals Agree to Make Payments

Latest news from the FCA, which is once again fining companies that have long since been placed in administration. Cold comfort for pensioners who were duped into bad schemes in the past, but anyway the […]

Insurance Brokers

Large Fines For CFP Directors Over Pension Transfer Advice

Latest case report from the FCA; The Financial Conduct Authority (FCA) has decided to fine Toni Fox £681,536 and David Price £632,594 for their roles in operating a flawed pension advice process. This risked people receiving unsuitable advice […]

Insurance Brokers

AbbeyAutoline Picks Up Commercial Lines Award

AbbeyAutoline, Northern Ireland’s largest insurance broker, is celebrating a prestigious award win after being named Commercial Lines Broker of the Year at The British Insurance Awards 2023. The British Insurance Awards 2023, hosted by Insurance […]

News

L&G Still Loving That British Steel Pension Scheme

Legal & General Assurance Society Limited (“Legal & General”) today announces that it has agreed a fourth and final buy-in policy with the British Steel Pension Scheme (“the Scheme”), totalling £2.7 billion, under which the […]

InsureTech

CBI Wants To Support Great British Unicorns

Latest from the CBI, who love unicorns. Seriously. In a speech tonight (Monday 27 March) at Mansion House, CBI President Brian McBride will kickstart the CBI’s new campaign, Project Decacorns: bolstering support for the UK’s […]

Insurance Regulation

FCA Fines Defunct PMC Over Pension Scheme Advice

The FCA has fined Pembrokeshire Mortgage Centre Limited (PMC) (trading as County Financial Consultants) (in liquidation) £2,354,331 for unsuitable advice to consumers to transfer out of the British Steel Pension Scheme (BSPS) and other defined […]

Insurance Regulation

FCA Update on British Steel Pension Scheme Opt-Outs

The FCA has published final rules for a redress scheme for former members of the British Steel Pension Scheme (BSPS) who received unsuitable advice to transfer out. The FCA expects that over 1000 consumers will […]