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Consumers will be urged to "make a decision" about whether to claim compensation for mis-sold payment protection insurance (PPI) as part of a two-year awareness-raising campaign. 30 Aug 2017
LEGAL UPDATE: The Financial Conduct Authority (FCA)'s second consultation on implementation of the Insurance Distribution Directive (IDD) deals with important upcoming regulatory change applicable to all insurance firms, as well as further proposed changes... 21 Aug 2017
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.
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...
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...
LEGAL UPDATE: The Financial Conduct Authority (FCA) has published a second consultation on the Insurance Distribution Directive (IDD), this time focusing on the impact on life and investment insurance firms. 21 Aug 2017
The Financial Ombudsman Service (FOS) is anticipating a "significant increase in demand" for its services in the run-up to the August 2019 deadline for complaints about potentially mis-sold payment protection insurance (PPI). 17 Aug 2017
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