Solvency II detractors told to end futile griping

Report highlights complaints against insolvency practitioners

European insurers should stop complaining about the impending regulatory overhaul as they have had ample time to make preparations, according to Old Mutual finance director Phillip Broadley.

Speaking to the Financial Times, Broadley said he was "fascinated by those that are continuing to protest" about the new regime, due to come into force in January 2014.

"Many of the issues that are

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FCA stops potential ghost broker from trading

The Financial Conduct Authority has stopped Arthur Temlett, trading as Abacus Insurance Consultants, from carrying out any regulated activities, including acting as an insurance broker.

City minister Siddiq is replaced by Reynolds

Less than 24 hours before she was due to appear at the British Insurance Brokers’ Association’s Manifesto launch, Tulip Siddiq has resigned as Treasury minister and been replaced by Labour MP Emma Reynolds.

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