A Freedom of Information request by Insurance Age has revealed the Financial Conduct Authority is currently investigating 33 brokers.
The Financial Conduct Authority has warned of a clone of Broker Express with fraudsters using or giving out details as part of their tactics to scam people in the UK.
The FCA has confirmed it will use new powers to cancel or change more swiftly the regulated activities firms are permitted to do as it bolsters its ‘use it or lose it’ initiative.
Michael Gove, the Secretary of State for Levelling Up, Housing and Communities and Minister for Intergovernmental Relations has pledged to reduce premiums for leaseholders amid the Financial Conduct Authority’s study into the market.
A suite of football clubs including Arsenal, Aston Villa, Brighton & Hove Albion, Leicester, Liverpool, Tottenham and West Ham have filed a claim in the commercial court against Allianz, Aviva, CNA, Liberty, MS Amlin and Zurich.
The Financial Conduct Authority has issued an alert that fraudsters are claiming to be Allianz Global Corporate and Speciality SE, the European Economic Area authorised firm.
The average price paid in the UK for buildings insurance in the first quarter of the year dropped by 7% compared to Q1 2021 with contents insurance down 11%, according to the latest Household Insurance Premium Tracker from the Association of British…
Sheldon Mills, executive director – consumers and competition at the Financial Conduct Authority, has stressed to brokers that the watchdog does not want to be a price regulator.
The Financial Conduct Authority has written to Michael Gove stating that limiting broker commissions is still under consideration as a method to reduce insurance costs for property leaseholders as it attempts to create a fairer market for consumers.
Nic Brown, of Markel, argues that meeting the needs of customers may have slipped as a priority for the industry during the current hardening market and rising premium inflation.
Biba’s David Sparkes considers recent developments at the Financial Conduct Authority
Members of Unite have gone on strike at the Financial Conduct Authority today in a move the union said was the first industrial action taken since the regulator was created.
The regulator has made two promotions and hired a fresh senior advisor as it bolsters the leadership team amid the threat of strike action.
The Financial Conduct Authority has revealed an expansion of its Early and High Growth Oversight offering with a commitment of providing closer support for 300 newly authorised businesses by the end of 2023.
Aviva boss Amanda Blanc has been named as the co-chair of the government’s UK Transition Plan Taskforce along with John Glen, economic secretary to the Treasury.
A 4% rise in average comprehensive car insurance premiums in the first quarter of the year has pushed the annual rate to a 2% increase, according to research by Confused and WTW.
The cost of car insurance has risen by 4.3% since the start of the year, Consumer Intelligence has calculated.
Unite the union representing staff at the Financial Conduct Authority (FCA), announced yesterday (12 April) that staff at the regulator had voted in favour of industrial action.
Colin Halliday, managing director of Trade and Commercial Broking Services, has praised the work of the Financial Conduct Authority and Ten Insurance after being targeted by a clone website.
The Financial Conduct Authority’s three-year strategy has “a number of headlines for all financial services firms” according to Michael Sicsic, managing director of Sicsic Advisory.
The Industry and Regulators Committee has outlined concerns about proportionate regulation in the London Market in a letter written to the Economic Secretary to the Treasury, John Glen MP.
The Financial Conduct Authority has proposed that the general insurance mediation pot where brokers sit will pay £31.4m towards its annual funding requirement in 2022/23.
The Financial Conduct Authority will focus resources on preventing serious harm, setting higher standards and promoting competition the watchdog detailed as it revealed its three-year strategy to improve outcomes.
The regulator’s survey includes asking if brokers have a bribery and corruption policy and a request for a copy.