Insurance Regulation

Insurance Europe Warns on FIDA Proposals

The word from Insurance Europe; Unless the EU’s Financial Data Access (FIDA) proposal is simplified it risks becoming “overly costly, complex and counterproductive,” Insurance Europe has warned. As discussions among Member States continue under the […]

Motor Insurance

Govt Seeks Views on MoT Changes, Insurers Can Have Their Say

The Department for Transport has launched a public consultation on the future of MOTs in Great Britain. Views are being sought to update MOT testing for cars, motorbikes and vans to ensure roadworthiness checks continue […]

Legal

ADR Mediation: Reaction to Govt. Dispute Resolution Proposals

Some reaction to the recent announcement on compulsory mediation on claims and disputes under £10,000. Matthew Maxwell Scott, executive director of ACSO, commented: “We’ve long argued that every model of dispute resolution needs to be explored […]

Insurance Regulation

FCA Aims To Reform Funding of FSCS Scheme

The FCA has recently published a Discussion Paper aimed at maintaining a compensation framework that provides appropriate protection for consumers, funded in a fair and sustainable way. The Financial Services Compensation Scheme (FSCS) provides compensation […]

Insurance Regulation

FCA Aims To Dissuade Savers From Holding Cash

The FCA is proposing that firms offer a new ‘default’ investment option to help non-workplace pension customers save for their retirement. Currently non-workplace pension customers have to choose their own investments from an increasingly wide […]

News

Motor: Last Day for FCA Feedback on Loyalty Discount

Little heads up on the loyalty discount thing from Cuvva; The Financial Conduct Authority (FCA) gave insurance providers until today to share its progress in terms of making the necessary adjustments internally to meet the […]