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Ruling on PPI commission charge could cost UK banks £33 billion

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

Agreement reached on Insurance Distribution Directive

A new Insurance Distribution Directive (IDD) is a step closer to being finalised after EU law makers reached agreement on the planned reforms. 02 Jul 2015

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FCA 'committed' to introducing means of measuring value of add-on insurance products

The UK's Financial Conduct Authority (FCA) has suggested three potential methods for calculating the relative value of general add-on insurance products, as a means of addressing its concerns about the lack of competition between providers and poor value for... 26 Jun 2015

UK regulators are challenging insurers to embed cultural change further down chain of command, says expert

FOCUS: The Financial Conduct Authority (FCA) has been consistent and forceful in its insistence that financial firm culture must change to avoid another crisis. The challenge for insurers will be ensuring that these changes take effect throughout the business,... 22 Jun 2015

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