Financial Services Authority (FSA)
Agenda: KIC first half 2010 results and outlook
Letter to president Petrov Arverbeyev, Kazakhstan Insurance Company
The FSA sends signal of intent with broker fine and insurer bans
The Financial Services Authority (FSA) has fined a broker network director and banned three insurance professionals for a £2m fraud in its latest crackdown.
FSA consultation kicks off with confirmation of 2011 revamp
The Financial Services Authority (FSA) has revealed it will begin its radical transformation at the start of next year as it launched a consultation into the shake-up.
Unsustainable motor rates see greatest increase in 16 years
Car insurance premiums have rocketed at a record rate as insurers attempt to move their motor books back into the black.
Brokers demand 'safe harbour' from PPI storm
The Financial Services Authority (FSA) has come under increasing pressure to force insurers to share the burden of compensation claims resulting from the widespread mis-selling of payment protection insurance (PPI).
Management clinic- anti-bribery: Don’t slip up
The FSA has published an anti-bribery and corruption in commercial insurance report. It seems to relate to overseas markets, so does it apply to my firm?
News round-up: July/August 2010
A brief round up of news from the secto.
Treasury launches regulatory reform consultation
Financial Secretary to the Treasury Mark Hoban MP has today (26 July) launched the Government’s consultation on the implementation of reforms to financial regulation.
Incisive Media urges insurance industry to take up professionalism challenge
The insurance industry was challenged to embrace professionalism, and in particular to embrace the Aldermanbury Declaration at the British Insurance Awards last week.
New government: Coalition consequences
The new government has already announced the end of the Financial Services Authority and an Emergency Budget full of spending cuts and tax rises. Emmanuel Kenning looks at the implications for insurance brokers.
Legal - Client money: the FSA belatedly bares its teeth
The moribund Financial Services Authority has been busy enforcing client money regulations, issuing large fines. Brokers are advised to keep their houses well in order, writes Mathew Rutter.
Editor's comment: Regulator change risks instability
The announcement that the Financial Services Authority is to be disbanded and replaced with a combination of regulation from the Bank of England including a new Consumer Protection and Markets Authority brings opportunities and dangers.
Ace appoints president
Ace UK has announced the appointment of Matthew Shaw as president, Ace Global Markets (AGM) and active underwriter for Syndicate 2488.
FSA unveils transformation timetable
The face of the Financial Services Authority (FSA) will start its transformation at the start of next year.
News analysis - FSCS: Outrage as FSCS bills rise
Brokers have been hit by a dramatic rise in bills from the Financial Services Compensation Scheme, which has a sparked a huge controversy as brokers feel they are paying for the misdemeanours of others, writes Andrew Tjaardstra
Data quality: Staying in charge of your data
If the Financial Services Authority has concerns over the accuracy of your data processing, it might demand that you implement a new system as well as impose significant fines, writes Ian Singer.
FSA fines broker network director for PPI failings
The Financial Services Authority (FSA) has fined the director of a network for failing to properly supervise appointed representatives (AR) working on behalf of the firm.
FSA bans three insurance fraudsters
The Financial Services Authority (FSA) has banned Timothy Higgins, Clifford Felstead and Ralph Brunswick from working in regulated financial services.
Brokers "ready for a fight" over FSCS levy
The British Insurance Brokers' Association (Biba) said that the recent invoices received by members from the Financial Services Authority (FSA) for the 2010-11 fees and levies have highlighted the inequality of the current funding of the Financial…
FSA announces senior departure following shake-up plans
The Financial Services Authority (FSA) has announced that Mark Norris, chief operating officer and managing director, has decided to leave the organisation to seek fresh challenges and opportunities.
Interview: Going the distance
After officially retiring from the industry more than 10 years ago, Miles Emblin returned to insurance as an expert witness. The broking legend tells Louise Meeson why his career has still got a few miles in it yet
Opinion: Editor's comment - July 2010
Have you received your letter, the one that informs you that your Financial Services Compensation Scheme (FSCS) bill has gone up a bit? "A bit?" I hear you cry. And cry you might for brokers are reporting increases of up to 800%.
Brokers banned by FSA for mishandling clients' money
The Financial Services Authority (FSA) has banned two broker directors - Delwyn Way of Shield Insurance Consultancy and Adrian Shillaker of Griffiths McAlister Insurance Brokers - for failing to adequately protect clients' money and assets.
L&G creditor product launch to bolster its top five ambitions
Legal & General (L&G) has stated its ambition to become a top five personal lines player as it unveiled plans for a new creditor product for brokers.