Regulation – Page 235
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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 ...
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Biba launches crisis control scheme
Biba, in partnership with ISS Damage Control, has launched…
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UK told to pay compensation to Equitable Life policyholders
Inquiry Committee recommends better cooperation between regulators and scheme for compensation.
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News Analysis
Brokers lose their level playing field
The FSA's plans to deregulate parts of the general insurance market has received criticism from brokers and reignited calls for wider reform, reports Michael Faulkner
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News
Only 40 seek claims authorization
Only 40 brokers have applied for authorisation under the new claims management company regulations due to come into force next month, Insurance Times has learned. Under the rules, brokers that procure 25 or more claims each quarter will have to comply with Department for Constitutional Affairs (DCA) standards from 23 ...
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C-Zone
A testing time for TCF
The deadline for the implementation of Treating Customers Fairly is now upon us, and intermediaries should be prepared for their compliance model to be tested. Neil Taylor explains
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Comments/Letters
Treating principles fairly
Lord Hunt says the behaviour of our industry requires enforcement of the Treating Customers Fairly principles
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News
FSA chief calls for review of IMD
Chief executive Tiner criticises IMD as 'one of the worst pieces of European legislation'
