All FCA articles
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News Analysis
Can the broker commission model survive regulatory headwinds?
’There’s a need for a makeover of percentage-based models where commission is unjustified, undisclosed and uncapped,’ says partner
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News
FCA reveals how many general insurance firms breached financial promotion rules
’We have stepped up our efforts to make sure that financial promotions are clear, fair and accurate,’ says director
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News Analysis
Deregulation vital if UKGI wants to remain at the forefront of UK’s growth strategy
Rachel Reeves is leading the charge for a more competitive UK economy, however is the insurance sector cutting off its nose to spite its face with regulation that hampers agile innovation?
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News
FCA action against misleading financial adverts nearly doubles
’Over the past year, we have seen a growing number of misleading and illegal financial promotions,’ says director
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News
Backchat: January/February 2025
Office moves, chairship conclusion, a podcast launch and a tour with a difference – what has the insurance industry been up to of late? You heard it here first…
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News
FCA places restrictions on Scottish broker after premium payment concerns
The FCA says it is working with the relevant authorities over the situation
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News
FCA unveils plans to remove ‘unnecessary regulation’ in letter to prime minister
’To achieve the deep reforms necessary, your acceptance that we will take greater risks and rigorously prioritise resources is crucial,’ says chief executive in letter to government
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News
FCA creates new jobs as it expands Leeds office
’The expansion provides further opportunity for us to benefit from a broader talent pool,’ says chief executive
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News
Arrests after FCA investigations into unauthorised debt and claims management activities
The FCA’s investigations continue
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News
Insurance Times Advent Calendar: James Daley
For the fifth day of advent, James Daley, managing director at Fairer Finance, discusses premium finance and regulation
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News
FCA branded ‘complacent, conflicted and captured’ in new Parliamentary report
The APPG noted that the regulator was ‘widely seen as incompetent’ and that a ’significant number of respondents believe the FCA sometimes acts in bad faith’
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News
Firms must embrace ‘cultural change’ to meet Consumer Duty requirements – FCA’s Graeme Reynolds
Cultural change is important when it comes to the regulation because ’the duty is not a once-and-done exercise’, says director of competition
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News
Insurtech IPOs ‘slowing down’ after investment downturn
’Potential insurtech investors are getting more nervous and risk averse and the path towards an IPO becomes a lot harder and longer to navigate,’ says chief operating officer
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News
Insurer selects new distribution partner for Gap sales
’Gap is an important product for vehicle owners and we intend to ensure it stays that way,’ says owner
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News
FCA probing another insurance market amid commission concerns
’We will act if we find that the market is not working well,’ says executive director
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News
FCA warns of potential Gap action repeat in other markets after fair value review
’We’ll continue to take action where we see poor value,’ says director
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News
FCA to boost headcount in Leeds
’This further expansion is testament to the success of our Leeds office,’ says chief executive
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News Analysis
Briefing: As the FCA looks to simplify its rules, what does this mean for Consumer Duty?
’This call for input will help to ensure our regulation remains effective, streamlined and comprehensible, maximising the duty’s benefits,’ says regulator
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News
FCA launches review to streamline rulebook after Consumer Duty
’We now want to seize the opportunity of the duty and the move to a clear outcomes-based approach to streamline our rulebook,’ says chief executive
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News
Most vulnerable customers see no service improvement since Consumer Duty
’It’s particularly concerning that vulnerable customers have not seen an improvement,’ says chief executive