Insurance Regulation

FCA Fines Defunct PMC Over Pension Scheme Advice

The FCA has fined Pembrokeshire Mortgage Centre Limited (PMC) (trading as County Financial Consultants) (in liquidation) £2,354,331 for unsuitable advice to consumers to transfer out of the British Steel Pension Scheme (BSPS) and other defined […]

Global insurance trends

Aon Pooled Employer Plan Reaches $1bn Level

Aon plc (NYSE: AON) has announced its pooled employer plan (PEP) has reached $1 billion in U.S. 401(k) assets and commitments since its inception on Jan. 1, 2021. Today, the Aon PEP is the industry leader with more than 40 employers […]

News

MGAM Launches Property Surveyor/EWS1 Scheme

MGAM, an Acrisure partner, SCOR, Aon and the Department for Levelling Up, Housing and Communities (DLUHC), today announce that the new government-backed professional indemnity (PI) insurance scheme for EWS1 assessors is now available for purchase, […]

News

Deals: L&G Announces Buy In Deal With Boots Pension Scheme

Legal & General Assurance Society Limited (“Legal & General”) today announces that it has agreed a c.£50 million full scheme buy-in with the Boots Supplementary Pension Plan (“the Plan”), covering the benefits of more than […]

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 […]

News

Cladding: Govt Launches Insurance Assessment Cover Scheme

Latest move from the UK Govt in an effort to resolve the insurance problems surrounding high rise partment blocks awaiting cladding replacement; The Government Actuary’s Department (GAD) has supported the government by helping to develop […]