Regulation – Page 225
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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, ...
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Online onlyLondon market reform steps up a level
The London Market Reform group has some big hitters behind it to establish real process improvement
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NewsHow to co-insure... another waste of EU money
The EU competition directorate's investigation into commercial insurance has begun to scrape the barrel
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C-ZoneDeparting income
Mark Hall says some travel companies will face a bleak future when the FSA starts regulating their insurance sales, but there are options
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News
News in brief
JLT wins motor sport dealThe Motor Sports Association, the governing body of UK motor sport, has appointed Jardine Lloyd Thompson (JLT) to handle all its insurance requirements from the start of 2008 following a formal tender process earlier this year. The contract had been held by Lockton, after its acquisition ...
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FSA trims enforcers by a third
Enforcement division shapes up for flexible principles-based approach
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FeaturesRefining the model
Solvency II will eventually replace 30-year-old rules on capital requirements for insurance companies, but there are many hurdles to overcome before 2012. Anita Anandarajah reports
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Lloyd's syndicate launches product to protect FSA approved persons
Covers cost of responding to FSA investigation




























