Regulation – Page 219
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News
Brokers slam complex FSA questionnaire
Brokers say meaningful response impossible and guesswork needed
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NewsTop academic issues climate warning
Local authorities need to introduce greater measures to deal with flooding
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Online onlyIT data shows brokers are falling behind
IT escalating costs are biggest concern for insurance managers
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FSA finds insurers 'in better position to face Solvency 2'
Review of insurers' have taken significant steps to delivering risk-based capital management
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FSA bans insurance broker
Richard Wolf of Rotheville Insurance Brokers left clients uninsured
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News
Four commission models put to brokers by FSA
Brokers have been asked to consider four potential commission disclosure models under the FSA’s review. Reports last week suggested that brokers had been asked to provide feedback on three models for mandatory commission disclosure. These include disclosure of full remuneration to client and insurer. But it emerged this week that ...
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News Analysis
Commissions rise divides market
The new commission model announced by Marsh and Willis has reignited the debate on broker remuneration. James Dean reports
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Online onlyFrom rats to regulators
BIBA’s chief is longing for the time when the right balance of regulation for the insurance industry is struck
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News
FSA to assess TCF progress
The FSA is to begin visiting brokers and undertake telephone assessments to test their progress in implementing its Treating Customers Fairly (TCF) initiative. The regulator said the move aimed to help firms make faster progress in meeting the TCF target, and to identify more quickly those firms most in need ...
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Biba attacks FSA dislcosure proposals
New treatment of fee disclosure to consumers represents ‘a licence for the unscrupulous to hide charges' says trade body
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Citizens Advice calls for stronger action from FSA over PPI
OFT and FSA must act to stamp out mis-selling, says consumer body
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News
Biba urges government to stick by travel regulation timetable
Biba has called on the government to ensure the introduction of regulation for travel agents goes ahead as scheduled. In its response to the Treasury’s Travel Insurance Review, Biba applauded the government’s decision to bring in FSA regulation.But Graeme Trudgill, Biba technical services manager, said that many Biba members had ...
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News
European Commission tells insurance industry to ‘justify practices or reform’
The European Commission released its final report on the business insurance sector on Tuesday, building on its interim report from January. The report, which prompted furious criticism from Biba, raised concerns over reinsurance and co-insurance practices involving the alignment of premiums. It also highlighted the issue of broker commission transparency, ...
