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Insurance Regulation

FCA Issues Reminder on Consumer Duty Rules

25 January 2023 alastair walker 0

Latest from the FCA; With six months to go before the Consumer Duty comes into force, the Financial Conduct Authority (FCA) has published a review of how firms are planning to implement the Duty.  The […]

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Insurance Brokers

FCA Consumer Duty: Vague Aims & Poor Wording Will Cause Confusion

11 January 2023 alastair walker 0

Is the new FCA Consumer Duty worded in a way which makes it difficult for brokers to predict their customers’ future, or true aims? Three in five brokers admit they don’t understand how the FCA’s […]

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Insurance Regulation

LMA Offers Guidance on Latest FCA Consumer Duty Rules

21 October 2022 alastair walker 0

The Lloyd’s Market Association (LMA) announces the publication of a general guidance document for the implementation of the FCA Consumer Duty (the ‘Consumer Duty’). To support the work of Managing Agencies in the Lloyd’s market […]

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Opinion

FCA Consumer Fairness Duty: Is fairness an obligation or an opportunity for insurers?

3 October 2022 alastair walker 0

“All firms must be able to show consistently that fair treatment of customers is at the heart of their business model.” ~ Financial Conduct Authority The author of this piece is Rory Yates, who has […]

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Opinion

Consumer Duty – Is Your Insurance Brand Prepared?

17 August 2022 alastair walker 0

This latest piece is by James Hall, RVP at Doxim and looks at the impact of the fast approaching Consumer Duty rules; In the UK, the FCA has just set out final rules and guidance […]

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Opinion

Some Thoughts on the FCA Consumer Duty Rules

29 July 2022 alastair walker 0

New Consumer Duty rules are on the way from the FCA. Manoj Pant, senior director and EMEA Insurance industry principal at Pegasystems offers some comments on how insurers will respond to enacting significant improvements to […]

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Insurance Regulation

FCA Looks To Tighten Regulations

27 July 2022 alastair walker 0

Yes, the FCA never sleeps when it comes to new, or tighter regulation. That’s what public sector departments do; build empires. Bigger pensions for the senior staff that way. Here’s the news; The Financial Conduct […]

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News

RAC Reacts To Fuel Duty Freeze

28 October 2021 alastair walker 0

The Chancellor announced that fuel duty would be frozen, which given the recent spike in demand for petrol and diesel, plus the uptick in crude prices, seems a wise move. Around 60% of the cost […]

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