FSA to consult further on PPI following "highly critical" industry response

The Financial Services Authority (FSA) is to embark on further consultation for its plans to reform the Payment Protection Insurance (PPI) market.

Insurance Age | 09 Mar 2010

HMRC issues VAT changes via podcast

HM Revenue & Customs (HMRC) has launched its first ever Super Podcast, to alert businesses to major changes in the way they file and pay VAT, PAYE and corporation tax

Insurance Age | 09 Mar 2010

Parliament considers MoJ reforms

Parliament is considering the Ministry of Justice (MoJ) fast-track cost regime reforms for low level road traffic accident personal injury claims.

Insurance Age | 08 Mar 2010

Law firm claims more companies may fight FSA decisions

Mathew Rutter, financial services partner at law firm Beachcroft, said: "The FSA has told firms to "be afraid", and now we know why."

Insurance Age | 01 Mar 2010

FSA fines could treble in size

The Financial Services Authority (FSA) has published its new penalties policy, which it claims "establishes a consistent and more transparent framework" and could see enforcement fines treble.

Insurance Age | 01 Mar 2010

Brokers warned: IMD review may enforce UK fee disclosure

Broker trade bodies have warned that the current revamp of European law may lead to commission disclosure becoming mandatory in the UK

Insurance Age | 26 Feb 2010

'Obscene' levies squeeze broker finances

Brokers could be forced out of business as a result of huge financial demands in the shape of a £70m levy made by Financial Services Compensation Scheme (FSCS) and a significant increase in minimum Financial Services Authority (FSA) fees

Insurance Age | 26 Feb 2010

ABI welcomes Government asbestos pledge

The Association of British Insurers (ABI) has welcomed the announcement by the Justice Secretary Jack Straw of a package of measures to help people with asbestos-related diseases.

Insurance Age | 25 Feb 2010

FSA issues warning following rise in 'boiler room' activity

The Financial Services Authority (FSA) has warned of an increase in overseas fraudsters selling shares using the names, registration numbers and addresses of FSA authorised firms and individuals.

Insurance Age | 24 Feb 2010

One in five admit to insurance 'fronting'

New research from the Motor Insurers Bureau (MIB) and Aviva reveals that 70% of UK drivers do not understand what 'fronting' means, but that one in five of those that do understand the term admit to it.

Insurance Age | 23 Feb 2010

Firm warns of power vacuum following Sants departure from FSA

The UK financial services industry needs to remain calm despite the announcement of Hector Sants' departure from the Financial Services Authority (FSA), warns Wolters Kluwer Financial Services.

Insurance Age | 17 Feb 2010

Biba speaks out against FSA's proposal to more than double minimum fee

The British Insurance Brokers’ Association (Biba) has criticised the Financial Services Authority’s (FSA) consultation paper CP10/05 which suggests raising the minimum fee from £450 to £1,000

Insurance Age | 15 Feb 2010

FSA bumps up annual funding requirement

The Financial Services Authority (FSA) has announced its proposed annual funding requirement for 2010/11 which requires an increase of 9.9% in overall funding.

Insurance Age | 12 Feb 2010

ABI hits back at Government employers' liability proposal

The ABI has voiced concerns about proposals to set up an Employers’ Liability Insurance Bureau (ELIB), as outlined in a Department for Work and Pensions consultation paper

Insurance Age | 10 Feb 2010

Hector Sants resignation could leave regulator hamstrung

Hector Sants resignation risks the regulator looking like a lame duck as political parties squabble over regulation, according to a City law firm.

Insurance Age | 09 Feb 2010

FSA CEO Hector Sants to leave in summer

The Financial Services Authority (FSA) has announced that Hector Sants will leave the organisation in the summer of 2010, after three years as CEO.

Insurance Age | 09 Feb 2010

IFB enhances fraud awareness

The Insurance Fraud Bureau (IFB) has seen website and Cheatline figures rise significantly during 2009 following a rise in public awareness.

Insurance Age | 08 Feb 2010

Law firm calls for FSA governance plans to be delayed for insurers

Proposals by the Financial Services Authority (FSA) to reform corporate governance should be delayed for insurers, according to law firm Reynolds Porter Chamberlain (RPC).

Insurance Age | 08 Feb 2010

FSA bans director of mortgage and general insurance firm

The Financial Services Authority (FSA) has banned the director of a Manchester-based mortgage and general insurance firm from holding senior positions in the financial services industry.

Insurance Age | 05 Feb 2010

Savings from offshoring swallowed by tax hikes

Insurers that made huge savings by offshoring processes to low-cost locations outside the European Union (EU) will see these savings significantly reversed due to changes in the application of VAT

Insurance Age | 29 Jan 2010

Increased FSA scrutiny shows it means business

The Financial Services Authority (FSA) has made it clear that there will be no let up in its hardline approach to financial misconduct with a series of broker bans and an increase in business surveillance

Insurance Age | 29 Jan 2010

IIB CEO condemns fee proposals as a 'burden'

Barbara Bradshaw, chief executive of the Institute of Insurance Brokers (IIB), has slammed Financial Services Authority (FSA) proposals on fees and levies as a "burden for the smaller broker"

Insurance Age | 29 Jan 2010

Jackson review deals blow to legal expenses

The proposals contained in Lord Justice Jackson's Review of Civil Litigation Costs could, if implemented, revolutionise the legal expenses market and have a devastating impact on the after-the-event (ATE) market

Insurance Age | 29 Jan 2010

Biba welcomes Government signposting proposals

The British Insurance Brokers' Association (Biba) has welcomed the new policy statement from the Government's equality office which aim to ensure that customers can obtain cover

Insurance Age | 28 Jan 2010

Investing in the Profession: An interview with . . Sandy Scott, CII

PB's group editor in chief Ant Gould talks to Sandy Scott, chief executive of the Chartered Insurance Institute about the opportunities chartered status presents for the broking sector.

Professional Broking | 28 Jan 2010 |

FSA fines Sett Valley Insurance Services and partners

The Financial Services Authority has levied fines totalling £49,000 on a Derbyshire-based Sett Valley Insurance Services and its two partners Leslie Lugsden and John Hargreaves

Insurance Age | 28 Jan 2010

IUA says insurers that successfully implement Solvency II may win competitive edge

Companies that successfully implement Solvency II may make efficiency improvements and gain a competitive advantage on their rivals, according to the International Underwriting Association (IUA)

Insurance Age | 27 Jan 2010