Regulation – Page 229
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Comments/Letters
The challenge of age
Nick Starling says older people should have access to insurance cover and not be discriminated against
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News
FSA hails advertising clean-up
Insurers and brokers are cleaning up their advertising practices following concerns about misleading adverts, the FSA said this week.The regulator had found that many firms were using misleading statements and headline-grabbing cheap deals that were unavailable in practice. It said that companies had to improve their advertising or face enforcement ...
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News
IFB slams ABI's U-turn on anti-fraud adverts
IFB chairman disappointed by ABI's decision to scrap media campaign
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Quote of the Week
"Any failures we identify will be viewed seriously and we will take the appropriate action, which includes prohibition from the industry as shown in this case." Jonathan Phelan, FSA head of retail enforcement, commenting on the banning of Alan Dennis Garlick.
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UK plans for tax-free repatriation of profits
The Treasury is drawing up plans to allow British-based multinationals to repatriate billions of pounds of foreign profits tax free, according to reports.
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Marsh agrees to hand over documents to attorney general
Marsh & McLennan is to hand over subpoenaed documents relating to charges it conspired with insurers to eliminate competition...
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Insurers struggling with data management
Increasing data management requirements are hindering the provision of “reliable, valid financial data”, according to E&Y roundtable
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Police to contact insurers in 'boy racer' crackdown
Police in Exmouth are to contact insurance companies as part of a campaign to crack down on boy racers in Exmouth, according to report...
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FSCS initial levy is good news for brokers
The Financial Services Compensation Scheme has set its initial levy for 2007/08 at £94.5m...
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Guy Carp reassures clients after fac departures
Guy Carpenter has today issued a statement on the departures of Julian Samengo-Turner, Ron Whyte and Marcus Hopkins...
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News
PPI refund agreement fuels mis-selling warning
The FSA's move to improve the fairness of refund terms in payment protection insurance (PPI) policies may lead to a rise in mis-selling claims, a leading law firm has warned.The regulator announced this week that the PPI industry had agreed to a series of measures relating to 'nil refund' clauses ...
