Insurance Regulation

Regulatory: FCA Ban For Martins Brokers’ Terry Farr

The Financial Conduct Authority (FCA) has prohibited former Martins Brokers (UK) Ltd (‘Martins’) broker Terry Farr from performing any function in relation to any regulated financial activity, on the basis that he acted dishonestly and […]

Opinion

Opinion: FCA Business Plan Will Prompt Big Changes in GI Market

What does the FCA’s new Business Plan mean for GI? In this Opinion piece, Mark McDonald, Consultant at Altus, looks at the possible directions that general insurance is going to take, given the criticism of pricing […]

Insurance Regulation

Regulatory: FCA Begins Review of Financial Products Distribution

The Financial Conduct Authority (FCA) has launched a Call for Input asking for feedback on its proposed approach to reviewing the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR). The FCA’s review […]

Insurance Regulation

FCA Say Complaints About Banks & Insurers Down by 5% in 2018 H2

The Financial Conduct Authority (FCA) has today published the complaints figures for regulated firms for the second half of 2018. During the second half of 2018 (2018 H2), complaints decreased by 5%, falling from 4.13m […]

Insurance Regulation

FCA Report: Industry Reaction to Findings on Insurance Distribution

The FCA issued a report on the distribution of insurance products from the General Insurers, via the MGA and broker networks. In particular the FCA looked at whether consumers were getting the right information, and […]

Insurance Regulation

Regulatory: FCA Warns GI on Providing Value Throughout Distribution Chain

Insurance is a product that is often sold on commission, or has two or three companies involved in underwriting risk, managing a broker network or working with comparison websites. The FCA want to make sure […]

Insurance Regulation

BIBA Supports Industry Initiative on Travel Cover With Pre-Existing Medical

If you have a pre-existing medical condition, or have survived a major illness/operation after receiving hospital treatment, it can be difficult to obtain travel insurance, especially if you aged 65 or over. The mainstream media […]

Insurance claims

Claims: New Rules See Charges Capped at 20%, New FCA Complaints Regulator

It’s no an April Fool – from today the Financial Conduct Authority (FCA) will be in charge of overseeing the activities of the UK claims management companies (CMC). So everything from your long established PPI […]