Monday, 7 November 2016

FCA names firms involved in regulatory sandbox testing and invites future applications

Emerging financial technology (fintech) companies and established banks are among 18 organisations due to begin controlled testing of new products and services under a scheme operated by the UK's Financial Conduct Authority (FCA).

Monday, 31 October 2016

Mutuals could begin raising capital by issuing deferred shares from next year if outstanding issues are resolved, says expert

FOCUS: Lack of access to external capital creates one of the biggest challenges for mutual insurers and friendly societies seeking to grow and compete effectively with other UK insurers.

Wednesday, 26 October 2016

Supreme Court upholds clause excluding professional indemnity cover for commercial arrangements

Loans provided to the clients of a firm of solicitors by a third party funder were not 'legal services', and so were not covered by the terms of the firm's professional indemnity (PI) policy, the UK's highest court has ruled.

Tuesday, 18 October 2016

Debate on 'advice' and 'guidance' will detract from innovation in robo advice, says expert

FOCUS: Innovation in so-called 'robo advice' solutions in the UK could be hampered if there is a never-ending debate over whether tools developed involve the provision of regulated financial advice or merely guide consumers on their investment decisions.

Thursday, 13 October 2016

FCA plans to issue new guidance on 'digital disclosures' next year

Financial services firms will be issued with new guidelines on "digital disclosures" in 2017, the UK's Financial Conduct Authority (FCA) has said.

Wednesday, 5 October 2016

Driverless cars pose threat to motor insurance market value, study finds

An improvement in car technology, together with other factors, is likely to push down the value of the global motor insurance market over the next quarter of a century, according to a new study.

Friday, 30 September 2016

'Digital comparison tools' under scrutiny by UK regulator

The UK's Competition and Markets Authority (CMA) has opened a new market study into price comparison websites and other "digital comparison tools", such as some smartphone apps.