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Consultation launched on Flood Re regulations but plans labelled 'unworkable' by insurers

New draft regulations that would implement the Flood Reinsurance (Flood Re) Scheme are being consulted on by the UK government. 24 Jul 2014

FCA given dual role in pensions guidance plan

The government will legislate to give the FCA the power to set minimum standards that independent bodies will have to follow when advising consumers about what they can do with the money accumulated in their pension pots. 23 Jul 2014

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United Arab Bank posts half-year profit as UAE economy gathers pace

United Arab Bank (UAB) has reported a net profit of 328 million Emirati dirham (AED) ($89m) for the first six months of 2014, an increase of 26% compared to the same period last year. 22 Jul 2014

Privacy watchdog urges Canadian insurers not to ask for genetic test results

Canada’s privacy watchdog has called on the country’s health and life insurance industry not to ask applicants for access to existing genetic test results, “until such time as they can be shown to be demonstrably necessary and effective”. 22 Jul 2014

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