All FCA articles – Page 7
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NewsLMG identifies six metrics designed to secure London market’s global competitiveness
The trade body outlines ‘six priority initiatives’ through which the insurance industry’s ‘competitiveness agenda can start to be established and measured’
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NewsGove welcomes FCA findings on buildings insurance market
The secretary of state is also ‘keen to review’ the insurance industry’s role in contributing to ‘high premiums’ for leaseholders
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NewsFCA confirms significant delays in M&A process
Firms looking to complete acquisitions could face waits of over two months for regulator approval
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NewsBrokers’ commission must be ‘reflective of the value’ provided to customers, says FCA
The regulator’s executive director of consumers and competition emphasised that brokers must not recommend a product based on their own remuneration, although ‘high prices may sometimes be appropriate’
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AnalysisBriefing: FCA backs Biba on FSCS levy reductions, but admits change ‘will take some time’
Despite some alignment in thinking, Biba’s chair still believes the regulator needs to take ‘a long, hard look at its own responsibilities and approach to our low risk sector’
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NewsSheldon Mills: FCA does not have ‘one-size-fits-all approach to regulation’
Achieving balance between the regulator’s 4,500 staff and the 55,000 firms its regulates is a challenge, notes the executive director
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NewsFCA considering ‘rules to limit commission’ for multioccupancy buildings insurance
The regulator is collecting data from the insurance industry to help inform ‘potential interventions’, says executive director for consumers and competition
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AnalysisHouse of Lords advocates more proportional regulation for London market
Inquiry calls for ‘broader reassessment of regulatory culture’ as current London market oversight is described as ‘inflexible’ and ‘unnecessarily complex’ by committee chair
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NewsFCA boosts hiring spree with three new appointments
Two appointees have been promoted internally, with the other joining from Goldman Sachs
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NewsFCA collecting data on fair value for leaseholders
Leaseholders have warned that a ‘major financial scandal’ is developing over hidden commission fees
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NewsFCA finalises ‘comply or explain’ diversity rules
Listed firms will need to adhere to the new rules for financial accounting periods from 1 April 2022
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AnalysisBriefing: London market regulatory reconstruction bid flies in face of FCA’s get tough plans
The amount of regulation in the industry is yet again the bone of contention, with the London market and FCA seemingly on opposite sides of the debate
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NewsFCA launches three-year plan centred around customer outcomes
Chief executive says the regulator will now focus on ‘results’ rather than ‘processes’
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AnalysisInsurance sector can no longer turn ‘a blind eye’ to property cover commission impact on leaseholders
Industry experts and campaigners feel the FCA is not doing enough to protect leaseholders from opaque commission practices in property insurance
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AnalysisBriefing: Why property insurance commission is so controversial
The storm over property insurance could lead to full-blown commission disclosure debacle
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AnalysisBriefing: FCA shows its ineptitude with buildings insurance
The FCA has been warned on numerous occasions there was an issue, but it failed to act
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AnalysisBriefing: Ageas UK’s commercial sale comes at right time
Ageas exits commercial lines - the insurance landscape is changing
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NewsFCA on the hunt for new senior leaders amid threats of staff strikes
The regulator is adopting a ‘campaign style’ approach to recruitment as it seeks to expand its talent footprint, says market executive director
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NewsEnd of dual pricing ‘calls time’ on unfair customer treatment – Honcho
The insurtech’s chief executive says the regulation marks a ‘new dawn’ and ’a whole new era across personal lines’
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AnalysisBriefing: Consumer Duty is flagship for assertive FCA
Plus, operational resilience is ‘a key element’ of the FCA’s ‘supervisory strategy for large brokers in 2022 and 2023’, says consultancy partner
