Insurance Regulation

FCA Censures Equity For Growth Ltd

The latest update from the FCA for you; The Financial Conduct Authority (FCA) has censured Equity for Growth (Securities) Limited (EFG) for approving financial promotions relating to minibonds that were unfair, unclear and misleading.  EFG approved financial promotions which failed to disclose very high commission fees charged by its appointed representatives and […]

Opinion

Why the EU Act Should Not Stop Companies from Using AI in Customer Service

This piece is by Maria Paredes Piscione, AI Solutions Consultant, Sabio Group The EU AI Act, the world’s first comprehensive, legally binding framework for artificial intelligence, is pushing companies to think more carefully about how they […]

Insurance Regulation

FCA Aims to Streamline Rule Book For Asset Managers

The latest ideas from the FCA; The Financial Conduct Authority (FCA) has proposed a package of reforms that would tailor requirements proportionately for asset managers, cut costs for firms and give better data to supervise […]

Insurance Regulation

House of Lords Committee Hears From ABI and BIBA

A quick update from the HoL committee; On Wednesday 24 June the House of Lords Financial Services Regulation Committee will hear evidence from two witnesses. At 10.00am, the committee will hear evidence from: Chris Bose, […]

Insurance Regulation

House of Lords Committee To Hear Evidence From Which? and Fairer Finance

At 10.15am on Wednesday 17 June the House of Lords Financial Services Regulation Committee will hear evidence from: Alastair Reed, Principal Policy Adviser for Money at Which? James Daley, Managing Director at Fairer Finance. This […]

Insurance Regulation

Third Country Reporting Plan is Dropped

The word from the IUA; A planned change to rules governing the operation of third country branches in the London insurance market has been dropped after its value was questioned by the International Underwriting Association […]

Insurance Regulation

House of Lords Committee Calls For Evidence & Comments on Insurance

The House of Lords Financial Services Regulation Committee invites submissions to its new inquiry on the regulation of the UK’s consumer insurance market. There is an opportunity for anyone in the insurance sector to offer […]

Insurance Regulation

Extra Jail Time For Convicted Money Launderer

The latest case report from the FCA; A convicted money launderer has been sentenced to an additional 499 days in prison for failing to fully pay the money owed under a Confiscation Order.   In 2021, Richard Faithfull, now 36, was sentenced to 5 years and 10 months in prison for laundering £2.5 million, […]