Regulation – Page 224
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FSA calls for TCF increase
Report calls for renewed energy to deliver better results on Treating Customers Fairly
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SupplementsFSA’s client money rules not OK
Brokers complain that the client money rules are too complex and unnecessary, are they right? Marcus Alcock reports
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News
FSA shuts broker for failing to submit returns
The FSA has shut down Sharp Insurance Services for failing to submit its regulatory returns.The regulator said in a final notice that Sharp’s permission to carry on regulated activities had been withdrawn. Newbury-based Sharp had failed to conduct its business in compliance with proper standards. It had also failed to ...
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News
Consultation on novice drivers
The government will launch a consultation on whether to overhaul the rules for novice drivers next month, the Department for Transport (DfT) said this week. It follows a report from the Commons Transport Select Committee on young drivers. Recommendations put to government included calls for zero alcohol levels for the ...
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Online onlyBIBA blasts government over ATOL reforms
New protection contribution system leaves 40% of travellers unprotected
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ABI disappointed at decision to scrap ATOL bonds
ABI said decision will have grave impact on businesses
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News
FSA finds £9bn capital shortfall
Insurers under estimated their regulatory capital requirements by a total of £9bn, a review by the FSA has found. The FSA said that 50% of companies had failed to make a “sufficiently robust” assessment of the amount of capital they needed to hold, known as the individual capital assessment (ICA). ...
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Comments/Letters
In the last chance saloon
Sarah Harding says the FSA is ready to get tough with the brokers that have not made progress in embedding the Treating Customers Fairly principlesF
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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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