All FCA articles – Page 4
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NewsManifesto 2023: Cost of regulation for brokers at an ‘all time high’
The average costs of regulation have skyrocketed by 40% since 2019, said the trade body
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NewsFCA highlights focus areas for Consumer Duty implementation
The multi-firm review from the regulator ‘should be of real concern to the industry’
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NewsFCA proposes updated guidance to support insurance customers in financial difficulty
The regulator is aiming to solidify its stated support for consumers struggling with the cost of living crisis, says executive director for consumers and competition
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News AnalysisLloyd’s of London expects 14.3% top line growth in 2023
Lloyd’s is forecasting peak inflation for the end of this year that will taper off next year, says chief of markets
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NewsFCA to clamp down on insurers avoiding fair value claim payments
The regulator has seen evidence that some claimants are being offered prices lower than their vehicle’s true market value following claims
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NewsFCA proposes new rules to intercept greenwashing
The regulator’s consultation on the proposed changes will be open until 25 January 2023
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NewsFCA exploring big tech firms’ potential to ‘disrupt established markets’
The regulator’s move follows the launch of Amazon’s home insurance store last week
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NewsFCA warns sector over ensuring value for consumers
The regulator has warned that customers’ mental and physical health may suffer when struggling to pay bills
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NewsFCA sets out potential reforms to multi-occupancy buildings insurance market
Biba has welcomed the findings of the report and said it appreciated the regulator’s engagement with its members while gathering information
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NewsDale Partners receives approval to launch new managing agency in Lloyd’s
The business has hired four independent non-executive directors to play an ‘invaluable’ role in the launch as part of the agency’s board
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NewsInsurance industry mourns death of ‘inspirational’ Queen Elizabeth II
The insurance sector is in mourning following the death of Queen Elizabeth II yesterday (8 September 2022) aged 96. She reigned for 70 years and 214 days and remains Britain’s longest standing monarch, having been catapulted to the throne on 2 June 1953 when she was aged 25, following the ...
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NewsInsurance industry welcomes Liz Truss as new prime minister
The ‘back to the future’ proposal of merging the FCA, PRA and PSR is still a possibility, says global head of financial regulation
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AnalysisBriefing: Insurance industry must adopt signposting to support UK’s ageing population
With people living longer and retiring later in life, insurers must be flexible with their travel insurance policies to ensure that consumers are not left without cover
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NewsInsureds facing higher renewal prices despite FCA’s price walking ban – Which?
The regulator previously stated that its rules against price walking should see consumers save £4.2bn, however
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NewsLiz Truss prime minister victory could spell FCA and PRA merger
Any regulator - combined or separate - must be ’accountable, agile [and] responsive’, says compliance expert
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NewsJohnson and Johnson to end all UK Baby Powder sales as ovarian cancer claims escalate
Despite this, the pharmaceutical firm says its talcum Baby Powder ’does not contain asbestos and does not cause cancer’
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NewsFCA confirms new rules on oversight of appointed representatives
The imposition of the new requirements highlights a ‘structural weakness in the present regime’, says financial services partner
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NewsProposed Leasehold Reform bill a ‘red flag’ for industry over property insurance commission disclosures
‘Millions of people’ could be insured ‘for a lot less’, says financial compliance firm principal
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NewsFCA publishes final rules for Consumer Duty regulation
The regulator has extended its implementation timeline for its ‘step change’ Consumer Duty principle by three months, but company boards must agree their implementation strategies by October 2022
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NewsReported general insurance conduct rule breaches are ‘on the low side’ – Sicsic Advisory
Many Lloyd’s and London market brokers have failed to return required annual rule breach reports
