Compliance
Insurance infographic: The Impact of the 2011 Energy Act on property lettings
In this insurance infographic, Zurich focuses on the Energy Act 2011 which contains provisions to make it unlawful from April 2018 to rent property that does not hit minimum energy efficiency standards.
RWA Group in Consumer Insurance Act learning platform aid
RWA Group has become the latest party to warn brokers about the implications of the Consumer Insurance Act and has also made an online tool available for brokers to get on top of the legislation.
UKGI exposes liability claims fears
Brokers’ most pressing concern is the fear of being exposed to liability claims for the delivery of inaccurate risk data following the implementation of the Consumer Insurance Act, according to a survey by UKGI.
RWA warns of broker negligence push
RWA Group has urged brokers to be "vigilant" after learning that an insurer has been pushing a client to "pursue a claim for negligence" against a broker.
BGL takes Rayner from RSA
The BGL Group has appointed Alison Rayner from RSA to the new role of associate director, compliance.
RWA chief blasts Biba's 'sweeping criticism' of insurers
Research from the British Insurance Brokers’ Association (Biba) which claimed insurers were becoming more difficult over paying out on claims has been deemed “spin” as opposed to “worthwhile research”.
Biba granted CPD accreditation from CII
The British Insurance Brokers’ Association (Biba) has received Continuing Professional Development (CPD) accreditation from the Chartered Insurance Institute (CII).
Barclays appoints FSA's Sants as compliance chief
Barclays has appointed former Financial Services Authority (FSA) chief executive Hector Sants to its newly-created role of head of compliance and government and regulatory relations.
Compliance pay costs soaring
Research by recruitment firm Robert Half has pinpointed the soaring costs of compliance experts on the City of London.
Broker Expo: Learn what the FCA will mean for brokers
With the Broker Expo in Coventry only three days away Terence Clark, compliance director at RWA, has revealed what attendees will hear about in the company’s workshop on The Financial Conduct Authority (FCA).
UK Broker Conference 2012: Brokers warned of "pre-emptive" action
The Financial Service Authority's (FSA) head of wholesale and general insurance warned brokers that the incoming Financial Conduct Authority (FCA) will not just be the FSA "with a different letter".
Broker Expo South: FCA will demand more information and conduct more visits
Brokers can expect a lot more demands for information from the incoming Financial Conduct Authority (FCA), delegates at the 2012 Broker Expo South were told today.
Giles chief appointed Biba deputy chairman
The British Insurance Brokers’ Association (Biba) has appointed Brendan McManus as deputy chairman and made several changes to its board.
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).
Trade body demands greater clarity over new regulators
The International Underwriting Association (IUA) has called for greater clarity on how the two new insurance regulators are going to cooperate.
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.
Insurers have still not embedded risk management in their own boards
The boards of insurance companies have still not implemented a fully effective risk culture in their organisations despite significant investment since the financial crisis of 2008.
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.
Homeserve fined £750,000 over abandoned calls
Homeserve has been fined £750,000 by Ofcom for making an excessive number of silent and abandoned calls to UK consumers.
Regulation moving too fast for financial services
Regulatory developments are coming too fast to allow financial services companies to react effectively according to a report from regulatory analysts, JWG.
RWA launches broker focused meeting app
RWA Compliance Services has launched a mobile phone app which it claimed could help avoid some of the pitfalls insurance brokers faced when trying to keep good records of client meetings and explanations given.
Hector Sants - an appraisal
So Hector Sants is off. The man who ran the FSA during its most turbulent period is heading off into the regulatory sunset.
FSA issues PPI redress guidance
The regulator has published proposed guidance for firms contacting customers who they may have mis-sold payment protection insurance (PPI) to but have not yet complained.