The number of retail brokers regulated by the FCA has reduced by 46% between 2006 and 2024 – this is leading to new trends and acquisition focuses across UKGI in 2025. However, more M&A is definitely on the cards…
’The workshops are designed to equip key stakeholders across the insurance sector with the knowledge, tools and strategies needed to enhance workplace culture, governance and compliance with FCA expectations,’ says chief executive
’We are ambitious for the future and committed to enabling a fair and thriving financial services market for the good of consumers and the economy,’ says chief executive
’There are concerns that commissions used to sell these products may affect the outcomes consumers receive and the products’ value or design,’ says regulator
Insurtech leader argues that risk management could become ’a proactive and strategic arm of government’ with the right model
The cost of regulation in the UK has never been higher, so how are brokers navigating a more arduous landscape?
’For millions to face excessive charges due to their circumstances is unfair – and exactly the kind of issue the FCA should address,’ says director
’Appropriate regulation of our financial services is essential to a well-functioning system, but it must also be proportionate if it’s going to encourage the innovation, investment and growth our customers and economy need,’ says ABI director
’A dedicated regulatory framework would not only recognise our unique role, but also reinforce the credibility and trust brokers place in working with MGAs,’ says director
The updates were revealed in a letter sent to the Treasury Select Committee
The FCA and PRA initially consulted on proposed rules and expectations around diversity and inclusion for regulated firms in September 2023
’Considerable concerns remain about our proposal to change the way we publicise investigations into regulated firms,’ says chief executive
The broker ’failed to pay periodic fees and levies owed to the authority as required under the handbook’, says regulator
’Under a redress scheme, firms would be responsible for determining whether customers have lost out due to the firm’s failing,’ says regulator
Insurance Times quizzes the industry on how the motor insurance market could evolve considering the Supreme Court’s recent motor finance case and the FCA’s increased focus on premium finance
Median gender pay gaps across the UK’s largest insurers are higher than the national average – but how are these firms seeking to improve pay parity?
Despite increasing calls for deregulation, the value of a stable environment cannot be understated, says regulator
Restrictions were first placed on the Scottish broker in January 2025
As motor insurance premiums continue to squeeze household budgets, scrutiny from regulators and policymakers is intensifying. But with competing priorities and political setbacks, is real change on the horizon?
The FCA is collaborating with its regulatory peers to introduce new rules around operational resilience, seeking to mitigate ‘intolerable harm’ arising from disruptive events