All FCA articles – Page 6
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AnalysisBriefing: Why property insurance commission is so controversial
The storm over property insurance could lead to full-blown commission disclosure debacle
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AnalysisBriefing: FCA shows its ineptitude with buildings insurance
The FCA has been warned on numerous occasions there was an issue, but it failed to act
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AnalysisBriefing: Ageas UK’s commercial sale comes at right time
Ageas exits commercial lines - the insurance landscape is changing
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NewsFCA on the hunt for new senior leaders amid threats of staff strikes
The regulator is adopting a ‘campaign style’ approach to recruitment as it seeks to expand its talent footprint, says market executive director
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NewsEnd of dual pricing ‘calls time’ on unfair customer treatment – Honcho
The insurtech’s chief executive says the regulation marks a ‘new dawn’ and ’a whole new era across personal lines’
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AnalysisBriefing: Consumer Duty is flagship for assertive FCA
Plus, operational resilience is ‘a key element’ of the FCA’s ‘supervisory strategy for large brokers in 2022 and 2023’, says consultancy partner
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AnalysisOpinion: Regulation ramifications for brokers
Editor Katie Scott discusses how regulation can prove to be both an opportunity and a barrier for the broking community
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NewsManifesto 2022: Biba demands fairer compensation levy for GI brokers following member 'uproar'
Although Biba’s members are happy to contribute to a compensation scheme, the current arrangement feels ’more like bailing out rather than chipping in’, says trade body chief executive
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NewsManifesto 2022: Biba pushes for transparency and accountability at the FCA
The introduction of the new objective is designed to allow the insurance industry to ‘grow and prosper’, says economic secretary
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NewsInsurance sector must ‘look calmly’ at the lessons learned from BI test case – John Glen
Economic secretary to the Treasury believes ‘brokers will play a crucial role in rebuilding consumer trust and developing clearly worded policies going forward’
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AnalysisBriefing: FCA is crushing the life out of brokers - it must be reined in
A major consultation is under way which could rein in the FCA
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NewsFCA is ‘an impediment to the effective working of the market’
Biba’s chairman noted that the FCA appears to be implementing ‘regulation for the sake of regulation’, which is ‘affecting competition, productivity and innovation’ within the broking community
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NewsFCA staff to vote on strike action in response to bonus cuts
Trade union alleges that FCA staff outside of London are due to be put on lower pay scales and that abolishing employee bonuses across the workforce will lead to pay cuts of up to 12%
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NewsFCA’s GI pricing reform wreaks havoc for consumers seeking cheaper premiums – GlobalData
The ‘largest threat to insurers’ following the pricing rule change ’is likely to be from pay-per-mile motor insurers’, says insurance analyst
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NewsFinance veteran Lord Paul Myners dies aged 73
The former director of Lloyd’s of London ‘passed away peacefully’ at a hospital in London yesterday
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NewsInternational Underwriting Association reveals 2022 business plan
The IUA argues that any new ’Consumer Duty’ introduced for UK insurers must be ’appropriate and proportional for the wholesale commercial market’
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NewsCustomer retention tops insurers’ concerns following FCA pricing changes – Trustly
Three-quarters of businesses have admitted to planning premium increases to balance policy figures following the last deadline of the FCA’s pricing reform
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AnalysisRenewal rules require brokers to re-examine proposition and go ‘back to the future’
The motor market is ‘a perfect storm’ ahead of the FCA’s pricing rules coming into effect – brokers will need to focus on ‘agility’ and ‘be service-related’ if they are to succeed post-January
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NewsInsurance industry backs FCA’s Consumer Duty as 'a new frontier' for customer protection
The FCA believes that ’firms are not consistently and sufficiently prioritising good consumer outcomes’, therefore its Consumer Duty will mark ’a new frontier’ in its supervision approach
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NewsFCA launches consultation to crack down on appointed representative model
Amid fears of mis-selling, the regulator reveals that ‘the level of harm we are currently seeing is too high’
