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The UK Treasury and the Bank of England have both expressed concerns about the impact of Solvency II regulations on competition in the insurance market and called for an early review. 09 Feb 2016
The Financial Conduct Authority (FCA) has fined five people and three firms a total of £15.5 million, and banned four of the individuals, in relation to professional indemnity insurance and other insurance scheme failures. 02 Feb 2016
Retailers are expected to protect anyone who enters their premises from harm, by removing or controlling risks to employees, volunteers, contractors or members of the public.
The 2015 Insurance Act will, subject to an 18-month transition period, introduce what the UK government has described as “the biggest reform to insurance contract law in more than a century”.
New rules will apply when insurers outsource "critical or important operation functions or activities" once the Solvency II regulatory regime comes into force on 1 January 2016. This short guide will provide a brief overview of the requirements, as well as...
Financial regulators have been using attestations for a number of years to obtain personal commitments from named individuals about a particular state of affairs at their firms. However, recent moves by the Financial Conduct Authority (FCA) and Prudential...
Those producing or selling packaged retail investment and insurance-based investment products (PRIIPs) will have to produce key information documents (KIDs) as a result of planned EU legislation designed to make it easier for retail investors to compare products...
On 28 March 2014, the Financial Conduct Authority (FCA) published a policy statement “PS14/5: Mutuality and with-profits funds: a way forward”.
Insurers should collaborate further on data-sharing initiatives aimed at reducing insurance fraud, according to a government-commissioned report. 21 Jan 2016
The Financial Conduct Authority (FCA) rules could in future allow financial advisers to be paid in commission for selling financial products, the acting head of the regulator has said. 12 Jan 2016
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