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British banks and financial firms could have to pay £33 billion more in compensation over PPI, for not telling clients about commission charges, a research company has predicted, according to a Reuters report . 31 Jul 2015
FOCUS: The Financial Conduct Authority (FCA) is likely to take more of an interest in how customer data is used than in how it is collected during an upcoming study of the use of 'big data' by insurers, so firms should look at the work of other regulators... 31 Jul 2015
Part VII of the 2000 Financial Services and Markets Act (FSMA) sets out the statutory mechanism allowing insurers and reinsurers to transfer portfolios of insurance business from one entity to another, subject to court approval.
This guide was last updated in November 2014
This guide is based on the law of England and Wales. It was last updated in May 2012.
This note is based on the law of England and Wales and was last updated in March 2012.
This guide is subject to UK law and was last updated in March 2012.
This guide is subject to UK law and was last updated in February 2012.
A reinsurance scheme backed by both insurers and the UK government should be established to ensure the cost of cyber risk can be underwritten, a think tank has proposed. 30 Jul 2015
The High Court in England has prevented an insurer from blocking its Italian broker from continuing arbitration proceedings in Italy, in a follow-up to a complex commercial dispute over the alleged misappropriation of client money. 21 Jul 2015
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