Friday 12 August 2016

Insurers have until April to make changes to renewal documentation, regulator says

Insurers will have an additional three months to make changes to the documentation they send to customers at renewal, including a new requirement to publish the previous year's premium, the regulator has confirmed.

Thursday 11 August 2016

'Ethnic minority penalty' report oversimplifies insurers' pricing policies, says expert

Recent reports that people who live in areas with a higher proportion of ethnic minority residents are paying more for car insurance oversimplify insurers' pricing policies, an expert has said.

Thursday 4 August 2016

Investment advisers and authorised firms being inappropriately influenced by those introducing new customers, says FCA

Investment advisers and authorised firms have been told to "maintain full and complete ownership of the advisory process" with investors after the market regulator raised concern about the extent of influence being exerted by some customer 'introducers'.

Wednesday 3 August 2016

UK financial firms to face new annual financial crime reporting obligation

Financial services firms will have to file an annual "financial crime report" to the UK's Financial Conduct Authority (FCA) from the end of this year under new plans the regulator has outlined to tackle crimes such as fraud and money laundering.