Financial Services Authority (FSA)
Out with the old
Brokers need to check all Tobas to be ready for new client asset rules, says David Roberts
FSA cancels broker's permission
The Financial Services Authority (FSA) has cancelled the permission granted to Castle Grove Insurance Services.
First time tragedy, second time farce
Time to assume the position brokers. That’s right the one where you hold a pen over the cheque book and write out a big number for the Financial Services Compensation Scheme.
FSA publishes new rules on packaged accounts
Banks and building societies will have to check whether customers are eligible to claim on insurance cover before selling them a packaged bank account under new rules published by the Financial Services Authority (FSA).
FSA reveals £404m payout for Independent claims
The Financial Services Authority (FSA) has revealed that since Independent Insurance went into liquidation in 2001, £500m of assets have been realised for the benefit of the creditors.
Biba "very concerned" about proposed FSCS cap rise
The British Insurance Brokers' Association (Biba) has raised concerns about the proposal to increase the financial cap on brokers' sub-class in the Financial Services Compensation Scheme (FSCS) by 50% to £300m.
FSA consults on new funding model review for the FSCS
The Financial Services Authority (FSA) has proposed changes to the funding of the Financial Services Compensation Scheme (FSCS) which it claimed could reduce the likelihood of interim levies and offer firms more certainty in the level of fees they pay.
Former broker fined £500,000 over "serious failings"
The Financial Services Authority (FSA) has banned and hit a former insurance broker with a £471,846 fine for the misappropriation of premiums.
Homeserve rejects buyout offer
Homeserve has reportedly rejected a private equity approach from groups Cinven, KKR and Apax.
Summer time
This summer will provide a rare moment of regulatory tranquility, says Jill Hambley
Reportage: Tale of the red tape
The increasing burden of regulation and the investigation into the sale of add-ons could make the next few years very uncomfortable for brokers, writes Martin Friel
Groupama chief blasts Standard & Poor's after downgrade
The CEO of Groupama Insurances in the UK has slammed Standard & Poor's (S&P) for its "dogmatic" approach to credit ratings.
FSA insists regulatory overhaul remains on track
The Financial Services Authority (FSA) has insisted its regulatory overhaul remains on track for early 2013.
Hello and welcome
Well, in a flash of ATEs, D&Os and IMDs my first week as an insurance reporter is almost at an end.
FCA chairman named
The government has appointed John Griffith-Jones as the non-executive chair designate of the Financial Conduct Authority (FCA).
FSA approval times increasing
The amount of time taken by the Financial Services Authority (FSA) to approve new firms has risen for the third consecutive quarter.
Broker bans reveal regulator’s tough new stance on compliance
FSA bans two brokers sending strong message to non-compliant brokers
FSA to increase regulatory fees once again
The Financial Services Authority (FSA) is to increase the level of fees firms will be required to pay for 2012/13 under its annual funding requirement (AFR).
FSA bans broker for client money breaches
The Financial Services Authority (FSA) has banned Essex-based insurance broking director Derek Wright from performing any FSA-regulated functions.
Record number of complaints to Ombudsman as PPI continues to dominate
The Financial Ombudsman Service has received a record number of complaints for the fifth year in a row as complaints about the selling of payment protection insurance (PPI) continue to pour in.
Biba 2012: FCA uncertainty could damage broking sector
Uncertainty around what the incoming Financial Conduct Authority (FCA) wants from the broking industry is causing the greatest concern in the market and greater clarity must be given before damage is done.
Biba 2012: Biba calls in Deloitte to conduct strategic review
The British Insurance Brokers' Association (Biba) has appointed Deloitte to undertake a strategic review of the organisation as it looks to position itself for the next five years.
Broker Network member fined and banned for fraud
A former Broker Network member has been banned and fined by the Financial Services Authority (FSA) for committing insurance fraud.
New D&O and HNW insurer enters UK market
XN Financial Services (UK), a subsidiary of Montreal-based XN Holdings, has received UK accreditation from the Financial Services Authority authorising it to operate in the UK.