Regulation
FSA predicts tough year ahead
The Financial Services Authority (FSA) has outlined concerns that increasing financial pressures may lead to firms losing focus on how they conduct business.
Darling set to reveal CGT reforms
Alistair Darling is expected to announce his proposals to reform capital gains tax later today – three months after revealing plans to impose a single 18% rate from 6 April.
XL to take $1.5bn credit crunch charge in fourth quarter
Bermudian (re)insurer XL Capital has today announced that it expects to record net income for the full-year 2007 of $200m to $400m and a net loss in the fourth quarter of $1.0bn to $1.2bn.
FSA to kick-off £6m broker TCF drive
The Financial Services Authority has set aside £6m for the small firms division and increased its st...
FSA mulls action over aggregators
Aggregators have hit back at the British Insurance Brokers' Association and its call for the Financi...
AIG insured crash plane
Insurance giant AIG has been named the lead hull underwriter on the British Airways Boeing 777 destr...
Washing your laundry in public
Court proceedings: Access
Indexing humanity
Legal Analysis: Indexation
IIB accuses politicians of ‘fudging’ FOS remit
The Institute of Insurance Brokers has responded to the review being conducted by Lord Hunt into the Financial Ombudsman Service on public ‘awareness and accessibility’.
FSA outlines new TCF push
The Financial Services Authority's enhanced strategy for small firms will kick off in Northern Ireland in March with the first of a rolling programme of assessments that will cover 11 300 retail intermediaries in the next three years.
Intermediaries face increased regulatory costs
Intermediaries are facing increased regulatory costs as the Financial Services Authority (FSA) kicks off its enhanced strategy for smaller firms.
Bermuda publishes risk-based capital roadmap
The Bermuda Monetary Authority (BMA) has published its first ever business plan, outlining the phased introduction of risk-based capital requirements to replace the current solvency margin regime, to be known as the Bermuda Solvency Capital Requirement …
Ecclesiastical given ratings boost
Standard & Poor's said today that it revised the outlook on the long-term counterparty credit and insurer financial strengths ratings on Ecclesiastical Insurance and on its subsidiary Ansvar Insurance Limited to positive from stable.
High fliers outline career concerns for the market
The insurance industry needs to do more to attract new employees and not rely on professional or tra...
A debt of honour
Payment Protection Insurance
Broker loses permission
The Financial Services and Markets Tribunal has upheld a Financial Services Authority decision last ...
Fair dodging?
Compliance: Appointed representatives
Marsh outsourcing deal sparks debate
Marsh's plans to outsource back-office broker operations to Capita should come as no surprise and is...
Product recalls rise alarmingly
The number of product recalls in the UK has hit an all-time high of 192 in the last year with claims...
Broker criticises FSA for goodwill inconsistency
Brokers who believe they have met the Financial Services Authority goodwill requirements could still...
Thompstone verdict announcement
Judgement in the appeal of the Thompstone v Tameside & Glossop Acute Services NHS Trust is due to be announcement tomorrow at 10.30am, Post has learnt.
Bank heavily fined for PPI failures
The Financial Services Authority has fined HFC Bank over £1m for failing to take reasonable care to ensure that the advice it gave customers to buy payment protection insurance was suitable, and for failing to have adequate systems and controls for the…
Broker adviser loses trading permission
The Financial Services and Markets Tribunal has upheld an Financial Services Authority decision last year to cancel the permission of mortgage and insurance broker adviser Qamar Hussain to carry out regulated activities.
Broker deal collapse: PWS response
PWS has issued a statement following THB's announcement earlier this day that both firms have ceased merger talks.