Regulation – Page 144
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LMA welcomes CC motor findings
But warns remedies may not go far enough to combat problems in the motor market
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NewsInsurance managers face tougher regulation post banking crisis
Senior staff could be asked to sign personal statements of responsibility for all regulated business
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NewsFSCS levy costs brokers up to 72% of total direct regulation fees
Brokers hit by ‘unfair’ fees to cover PPI mis-selling by secondary intermediaries
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News
Police probe after Aviva claims details stolen by staff
Two former members of staff have been released on bail
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News
'Serious, systemic, long-running failings' at HomeServe as FCA confirms £30.6m fine
Mis-selling and inadequate compliance by home emergency broker until 2011
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News
Are you ready to declare your earnings?
The European Commission’s Insurance Mediation Directive II is in final draft stage and speculation is rife about what it will mean for brokers
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Online onlyQ&A: Paul Anscombe speaks about the new Insurance Brokers’ Standards Council
Paul Anscombe tells sister title StrategicRISK about his aims to raise professional standards of UK brokers with a new broking body – which he says will not rival other UK professional/trade associations
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IBSC to issue guidance on unrated insurers
New professionalism council will publish the guidelines in April
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News
Law Commission rounds on claims rejection get-out clause
Clients will be able to sue over late payments under first change to commercial insurance law since 1906
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FSCS now paying non-PPI compensation to WFSL customers
PPI claims against Welcome Financial Services have already been paid since company defaulted in March 2011
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News
ABI’s Maggie Craig lands FCA advisory role
Former ABI financial conduct regulation director to advise on GI, life and pensions
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RSA could face £35m fine from Irish regulator
Irish RSA executives could also face fines of up to €1m by the Central Bank of Ireland
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News
HomeServe fined £34.5m by FCA for mis-selling
The broker will increase its provision by £30m as a result of the penalty
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CPP customers agree £1.3bn compensation package
Payouts expected to start in the spring once High Court approval has been received
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Agenda
Regulation strives to banish bribery
The reputation of brokers in the MENA region is suffering as corruption in the industry continues
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Online onlyRegulators to investigate the Co-op Bank
Enforcement investigations will also look at the actions of former senior managers at the troubled group
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News
FCA clamps down on Moneysupermarket over misleading adverts
Comparison site agrees to publish clarification for a month
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Insurers may cut rates for 117 law firms without cover to avoid run-off costs
Insurers will have to provide six-years run-off cover for little or no premium if firms close
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Biba welcomes delays to young driver reforms
Government to take more time to consider what changes are needed
