Regulation of Guernsey’s insurance industry is meeting current international standards, according to a report published by the International Association of Insurance Supervisors (IAIS). The report states that Guernsey has “a high level of observance of […]
The Financial Services Consumer Panel has today published new research which looks at the potential detriment for consumers of being trapped in poorly performing financial services products. The research shows that the costs of remaining in such […]
Christopher Woolard, Executive Director of Strategy and Competition at the FCA, commented: “Before the CMA published its supercomplaint response last year, we had already begun work in the mortgages, cash savings and general insurance markets. […]
Today, the government has announced that firms that overcharge loyal customers could be hit with direct fines under new plans being unveiled this morning by the Government. The move will help tackle the loyalty penalty and practices […]
Following an application by the FCA, the High Court, on 14 May 2019, declared that Xcore Capital Limited (Xcore) and Jonathan Chitty had carried on an unauthorised investment scheme. The scheme took in at least […]
The Financial Conduct Authority (FCA) and Action Fraud are warning the public to be wary of investment scams carried out via bogus online trading platforms. This warning comes as crypto-assests (crypto) and forex investment scams reports more […]
Vehicles should have a sufficient level of security to guard against cyber attacks before they are allowed to be used in fully autonomous mode, the insurance industry urged at a conference. Setting out suggested criteria […]
In this series of features, Insurance Edge will be looking at different countries and trying to find out what the big trends are in local terms, the major companies active and the popular types of […]
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