Financial Services Authority (FSA)
FSA issues £2.8m fine for TCF breaches
The Financial Services Authority (FSA) has doled out a near £3m fine to an American insurer operating in the UK.
Ex-ABI man to head up new FSA department
Peter Vipond has been appointed as head of department, insurance sector and prudential support, at the Financial Services Authority (FSA).
RK Harrison completes MWA takeover
RK Harrison has completed the acquisition of Mercury West Associates following completion of due diligence and the approval of the transaction from the Financial Services Authority.
FSCS makes senior board appointment
The Financial Services Authority (FSA) has appointed Paul Stockton as non-executive director to the board of the Financial Services Compensation Scheme (FSCS).
Reportage: And a happy new year?
A tough 2011 looks likely to be followed by another 12 months to forget, but there are some things to look forward to, writes Caitlin Morrison
Voice of the broker
Lord Turner’s views on the regulation of the market will undermine the future of the broking industry, says Ashwin Mistry
RBSI firms forced to change "unfair" policy terms by FSA
RBS Insurance has been forced to change the terms of its pet policy after the regulator found that it contained “unfair terms”.
Brit UK retail sale progresses
Brit Insurance is close to finalising the first round of the bidding process for its UK retail arm.
New FOS chair expects "record levels" of customer demand
The Financial Services Authority (FSA) has today announced the appointment of Sir Nicholas Montagu as the new chairman of the Financial Ombudsman Service (FOS).
FSA costs top £1bn a year
The Financial Services Authority (FSA) has cost the UK’s financial sector over £1bn in the past year, according to experts.
FSA bans and fines broker for insurance fraud
The Financial Services Authority (FSA) has fined John Folan £195,117 for insurance fraud and prohibited him from carrying on regulated financial services.
PRA chief sets out future vision
Julian Adams, director of the Financial Services Authority’s (FSA) insurance division and soon to be in role at the Prudential Regulation Authority (PRA), has moved to address concerns that the new regulator would be overseeing the banking and insurance…
Insurance Age blog: fighting the threat of regulation
Well we've chalked off yet another Broker Expo and again it attracted a record number of brokers - over 750 made the journey to Coventry this year.
Broker Expo: Delegates warned that tougher FSA is already here
Brokers have been warned that the Financial Services Authority’s (FSA) long-promised new intrusive approach is already here and that it is not “pussyfooting around anymore”.
Regulators issue draft guidance on PPI products
The Financial Services Authority (FSA) and the Office of Fair Trading (OFT) have declared they are working together to prevent the problems with payment protection insurance (PPI) happening again in a new generation of products.
Brokers demand big changes in FSCS review
Trade body prepares to lobby FSA to get brokers a better deal in review of compensation scheme
Disturbing lack of faith
The centuries old principle of uberrima fides, or acting in good faith, has disappeared in non-business insurance, and the industry only has itself to blame, writes Tony Cornell
FSA scrutinises banks' bundling of insurance products
The Financial Services Authority (FSA) has made a host of proposals to change the way that insurance is sold when bundled into bank accounts.
Lord Turner calls for debate on higher FCA costs
Lord Turner, chairman of the Financial Services Authority, has called on parliament to give the Financial Conduct Authority (FCA) “the powers and teeth to act early to intervene and prevent customer detriment from occurring”.
Brendan McManus parts company with Willis
Willis has announced the departure of Brendan McManus, CEO of Willis.
FSA warns aggregators not to breach permissions
The Financial Services Authority (FSA) has expressed concerns that comparison sites are helping to arrange and advise on sales without the correct permissions.
Towergate appoints FSA man as non-exec director
Towergate has announced the appointment of James Strachan to its board as non-executive director and chairman of the group risk and compliance committee, subject to regulatory approval.
FSA accused of letting brokers foot the bill
PI Expert has questioned the motives behind proposals made by the Financial Services Authority (FSA) to change the rules on compensation awards.