News
Budget 2023: IE Predictions and Some Ideas From The ABI
It’s nearly time for the Budget, so let’s take a guess on a few things; IPT up to 20% on all non electric cars. Roll out of powers to Councils to tax all vehicles on […]
duty
Opinion
Consumer Duty; Are You Ready?
Martyn O’Connor, Head of Risk & Compliance, Premium Credit, takes a look at the Consumer Duty and what impact it will have on the insurance sector. The final Policy statement on Consumer Duty was published […]
Insurance Regulation
FCA Issues Reminder on Consumer Duty Rules
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 […]
Insurance Brokers
FCA Consumer Duty: Vague Aims & Poor Wording Will Cause Confusion
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 […]
Insurance Regulation
LMA Offers Guidance on Latest FCA Consumer Duty Rules
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 […]
Opinion
FCA Consumer Fairness Duty: Is fairness an obligation or an opportunity for insurers?
“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 […]
Opinion
Consumer Duty – Is Your Insurance Brand Prepared?
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 […]
Opinion
Some Thoughts on the FCA Consumer Duty Rules
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 […]