All FCA articles – Page 9
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NewsInsurance sector must ‘look calmly’ at the lessons learned from BI test case – John Glen
Economic secretary to the Treasury believes ‘brokers will play a crucial role in rebuilding consumer trust and developing clearly worded policies going forward’
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AnalysisBriefing: FCA is crushing the life out of brokers - it must be reined in
A major consultation is under way which could rein in the FCA
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NewsFCA is ‘an impediment to the effective working of the market’
Biba’s chairman noted that the FCA appears to be implementing ‘regulation for the sake of regulation’, which is ‘affecting competition, productivity and innovation’ within the broking community
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NewsFCA staff to vote on strike action in response to bonus cuts
Trade union alleges that FCA staff outside of London are due to be put on lower pay scales and that abolishing employee bonuses across the workforce will lead to pay cuts of up to 12%
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NewsFCA’s GI pricing reform wreaks havoc for consumers seeking cheaper premiums – GlobalData
The ‘largest threat to insurers’ following the pricing rule change ’is likely to be from pay-per-mile motor insurers’, says insurance analyst
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NewsFinance veteran Lord Paul Myners dies aged 73
The former director of Lloyd’s of London ‘passed away peacefully’ at a hospital in London yesterday
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NewsInternational Underwriting Association reveals 2022 business plan
The IUA argues that any new ’Consumer Duty’ introduced for UK insurers must be ’appropriate and proportional for the wholesale commercial market’
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NewsCustomer retention tops insurers’ concerns following FCA pricing changes – Trustly
Three-quarters of businesses have admitted to planning premium increases to balance policy figures following the last deadline of the FCA’s pricing reform
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AnalysisRenewal rules require brokers to re-examine proposition and go ‘back to the future’
The motor market is ‘a perfect storm’ ahead of the FCA’s pricing rules coming into effect – brokers will need to focus on ‘agility’ and ‘be service-related’ if they are to succeed post-January
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NewsInsurance industry backs FCA’s Consumer Duty as 'a new frontier' for customer protection
The FCA believes that ’firms are not consistently and sufficiently prioritising good consumer outcomes’, therefore its Consumer Duty will mark ’a new frontier’ in its supervision approach
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NewsFCA launches consultation to crack down on appointed representative model
Amid fears of mis-selling, the regulator reveals that ‘the level of harm we are currently seeing is too high’
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AnalysisBriefing: Brokers call for clearer communications from ‘faceless’ FCA
Feedback from Insurance Times’ Broker CEO Forum shows a disconnect between the regulator and the broking sector, with many believing communications from the FCA around its pricing reform fall short
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NewsAviva calls on government to make Online Safety Bill inclusive of spoofing scams
FCA data reported that £78m was stolen by clone firm investment scams between January and December 2020
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NewsGovernment’s post-Brexit financial services regulation proposals could see insurance sector ‘flourish’
The consultation on the future regulatory framework will close on 9 February next year
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NewsTrade bodies band together to create standardised product governance assessment form
Without cross-market guidance, the new rules had the potential to ‘snowball into an unmanageable administrative burden’ for insurance market participants, says LMA head of regulatory affairs
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Sponsored ContentSupporting brokers following the FCA’s 2022 fair value reform deadline – Close Brothers Premium Finance
Elliott Hayes, Close Brothers Premium Finance’s commercial sales director, explains how the premium finance provider is helping brokers ahead of the FCA’s final deadline for its general insurance pricing reform
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AnalysisBriefing: Brokers are desperate for a more public FCA - will it oblige?
The insurance industry is desperate for the FCA to become more public
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NewsFinancial services regulators flag 134 upcoming regulatory initiatives
Regulators acknowledge that although ‘the burden of the current regulatory pipeline’ is ‘significant’, it is also ‘appropriate’
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NewsRegulators join forces in publishing climate change adaptation reports
The FCA’s responsibilities include evolving its environmental, social and governance strategy
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NewsFCA calls for Online Safety Bill extension in latest report
The regulator’s chief executive says the FCA is ’committed to being more innovative, assertive and adaptive’
