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Government to consult on how to implement Jackson Review

The coalition Government has announced a consultation on implementing the recommendations laid out in Lord Justice Jackson’s Review of Civil Litigation Costs.

Insurer | 26 Jul 2010

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Treasury launches regulatory reform consultation

Financial Secretary to the Treasury Mark Hoban MP has today (26 July) launched the Government’s consultation on the implementation of reforms to financial regulation.

Regulation | 26 Jul 2010

UK records surge in all-equity buyouts

FSCS has paid out over £200m in compensation

The Financial Services Compensation Scheme’s (FSCS) annual report and accounts for 2009/10 has revealed that more than £204m has been paid out in compensation to over 21,000 claimants.

Insurer | 22 Jul 2010

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Three arrested in cash for crash operation

Durham Constabulary’s Serious and Organised Crime Group has arrested three men as part of an ongoing major investigation into organised criminals believed to be involved in ‘crash for cash’ activities.

Insurer | 21 Jul 2010

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Government vows to simplify tax

The Chancellor George Osborne and Exchequer Secretary David Gauke today (20 July) established the Office of Tax Simplification (OTS).

Regulation | 20 Jul 2010

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Willis steps up contingent commission campaign

Willis Group Holdings has stepped up its campaign against contingent commissions by distributing a third-party white paper written by law firm Edwards Angell Palmer & Dodge detailing what Willis describes as "the conflicts of interest created by the controversial......

Broker | 20 Jul 2010

high court court of appeal

Court throws out Quinn appeal over information disclosure

The Court of Appeal has dismissed Quinn's appeal against the decision made in Quinn Direct Insurance v The Law Society of England and Wales, which refused the insurer access to confidential documents relating to a firm of solicitors that was being investigated......

Insurer | 16 Jul 2010

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FSA unveils transformation timetable

The face of the Financial Services Authority (FSA) will start its transformation at the start of next year.

Regulation | 14 Jul 2010

Rings around the world

Lloyd's report on globalisation highlights new form of risk

Lloyd’s has published a new report examining the systemic risks associated with globalisation.

Insurer | 14 Jul 2010

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FSA fines broker network director for PPI failings

The Financial Services Authority (FSA) has fined the director of a network for failing to properly supervise appointed representatives (AR) working on behalf of the firm.

Regulation | 09 Jul 2010

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FSA bans three insurance fraudsters

The Financial Services Authority (FSA) has banned Timothy Higgins, Clifford Felstead and Ralph Brunswick from working in regulated financial services.

Regulation | 08 Jul 2010

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Brokers "ready for a fight" over FSCS levy

The British Insurance Brokers' Association (Biba) said that the recent invoices received by members from the Financial Services Authority (FSA) for the 2010-11 fees and levies have highlighted the inequality of the current funding of the Financial Services......

Broker | 02 Jul 2010

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FSA announces senior departure following shake-up plans

The Financial Services Authority (FSA) has announced that Mark Norris, chief operating officer and managing director, has decided to leave the organisation to seek fresh challenges and opportunities.

Regulation | 02 Jul 2010

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Cable's red tape-cutting committee meets

A new cabinet committee, chaired by business secretary Vince Cable and charged with with reducing the heavy burden of red tape on business, met for the first time today.

Regulation | 01 Jul 2010

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Brokers banned by FSA for mishandling clients' money

The Financial Services Authority (FSA) has banned two broker directors - Delwyn Way of Shield Insurance Consultancy and Adrian Shillaker of Griffiths McAlister Insurance Brokers - for failing to adequately protect clients' money and assets.

Broker | 01 Jul 2010

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