Insurance Regulation

FCA Update on Pensions Advice Case, Fines Reduced Due to `Hardship’

An update from the FCA on two individuals involved in a pensions advice case; Mr Richard Fenech and Ms Heather Dunne have each referred their Decision Notice to the Upper Tribunal. The findings outlined in […]

News

Resolution Life Announces New Risk Transfer Deal

The latest from Resolution Life; Resolution Life, a global life insurance group focusing on reinsurance and the acquisition and management of portfolios of life insurance policies, announces that its Bermudian reinsurance platform, Resolution Re, has […]

UK Insurance Trends

Bloomberg Offers Insights on Pension Transfer Market

Some thoughts on the pensions buy-in and buy-out market from Bloomberg Intelligence; The £1.7 trillion of UK defined-benefit pensions will look increasingly well-funded as the rise in AA corporate bond yields is sustained, according to […]

InsureTech

Fadata and Dacon Working Hard on Seamless Data Migration

Migrating data can be a headache for many insurance brands. There are compliance issues to think about, legacy tech underpinning systems, or parts of it, plus the chance of losing some searchability functions if data […]

Insurance Brokers

Large Fines For CFP Directors Over Pension Transfer Advice

Latest case report from the FCA; The Financial Conduct Authority (FCA) has decided to fine Toni Fox £681,536 and David Price £632,594 for their roles in operating a flawed pension advice process. This risked people receiving unsuitable advice […]

Insurance Regulation

FCA Bans Mark Abley From Offering Pensions Advice

Latest update from the FCA; The FCA has banned Mark Abley of County Capital Wealth Management Ltd (in liquidation) (CCWM) from providing any advice on pension transfers. Mr Abley will also pay £106,100 to the […]

News

Eleven Fake Companies Used to Funnel 500K of Bounceback Loans

Another week, another tale of fraud involving the Baounceback Loan scheme. Will anyone ever be held accountable for the billions that were taken? No, IE isn’t holding its breath on that one. Meanwhile here’s the […]