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ANALYSIS: Transfers from defined benefit (DB) pension schemes to less generous defined contribution (DC) schemes have the potential to trigger a mis-selling crisis reminiscent of that of the 1980s and 1990s. 20 Nov 2018
Future access for UK-based financial services firms to the EU markets could be based on a position of regulatory "equivalence", aiming for "close and structured co-operation" in regulation and supervision, according to documents published by the UK and European... 15 Nov 2018
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.
The Senior Managers and Certification Regime (SMCR), which is designed to make individuals at financial firms more accountable, will apply to insurers from 10 December 2018.
On 1 April 2015, UK financial regulators the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) gained new competition law powers, which they can exercise concurrently with the Competition and Markets Authority (CMA).
The EU's Solvency II Directive came into force on 1 January 2016. The directive consolidates and harmonises existing EU insurance directives including life and non-life directives, the reinsurance directive and various others.
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 (2015 Act) applies to all commercial contracts of insurance, and variations to existing contracts of insurance, from 12 August 2016 and introduces what the UK government has described as “the biggest reform to insurance contract...
Firms could be required to re-contact consumers who made an unsuccessful complaint about payment protection insurance (PPI) and invite them to make a new complaint under new guidance by the Financial Conduct Authority (FCA). 09 Nov 2018
The UK’s Financial Conduct Authority (FCA) has launched a study into how general insurance firms price home and motor insurance policies. 01 Nov 2018
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