Enforcement division shapes up for flexible principles-based approach
The FSA is in the process of trimming down its enforcement division by a third.
Some 10% have been redeployed to other divisions within the organisation while the balance will be made redundant.
The exercise is aimed at upgrading the quality of staff, which has in the past been described as ‘inflexible’ and suffering from a ‘rules-based mentality’.
New hirings will come from the Big Four accounting firms and top City law firms.
An FSA spokesman said the exercise involved a shift from the use of specific regulation rules to a more principles-based approach.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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