Financial Services Authority
FSA outlines concerns about firms’ handling of clients’ money and assets from insurance brokers
The Financial Services Authority (FSA) has sent a letter and report to the chief executive officers of major insurance brokers and investment firms which...
Standard Life fined £2.45m for production of misleading marketing material
The Financial Services Authority (FSA) has today fined Standard Life Assurance Limited (SLAL) £2.45m for serious systems and controls failings that resulted in the...
FSA bans and fined mortgage and insurer broker
The Financial Services Authority (FSA) has fined and banned Bolton based mortgage and insurance broker, Riaz Ahmad.
He has been fined £5,000 and prohibited from...
Insurance fraudster banned by FSA for deceiving customers out of almost £400k
Mark Hazelwood operated Synergys Ethical Limited from Whitwell in Hertfordshire, but his customers were located across the United Kingdom due to the specialised nature...
FSA banned insurance broker director for failing in his duties
The Financial Services Authority (FSA) has banned Stephen Allen, a director of insurance broker, Fabien Risk Services Ltd, for failing in his duties as...
Third party claims assistance ensures that claimants get the best deal
Responding to the publication today by the Financial Services Authority (FSA) of its review of the practice of insurers contacting directly a person with...
FSA bans two Leytonstone insurance brokers for concealing criminal record
The Financial Services Authority (FSA) has banned two Leytonstone insurance brokers, Faraz Ahmed Siddique and Waqas Ahmed Siddique, for lying to cover up Waqas...
Clarity needed from FSA to ensure wider access to financial advice
The FSA must act quickly to secure the benefits of its changes to the financial advice market, says the ABI. The message comes in...
Swinton responded to FSA’s announcement of a fine of £770,000 in relation to sales of low cost PPI policies
Swinton has responded to the Financial Services Authority’s announcement today of a fine of £770,000 in relation to sales of low cost Payment Protection...
BIBA lobbying succeeds with review of financial services compensation scheme
Following months of lobbying, the British Insurance Brokers’ Association (BIBA) has received confirmation from the Financial Services Authority (FSA) that a review of the...
Aviva responded to the FSA’s consultation paper on Retail Distribution Review (RDR)
Aviva has responded to the Financial Services Authority’s Consultation Paper on the Retail Distribution Review (RDR). Following extensive research among consumers and advisers, it...
Barclays set to learn payment protection insurance (PPI) decision
Barclays is due to find out if it has been successful in its bid to lift a future ban on the sale of controversial...
Lloyds could offload its insurance operations
Lloyds Banking Group chief executive Eric Daniels must keep many plates spinning to keep alive his hope of launching a record rights issue, and...
Lloyds Banking Group considering £15 billion rights issue
Part-nationalised British lender Lloyds Banking Group is sounding out investors about a 15 billion pound ($23.81 billion) rights issue to help it avoid a...
FSA is stress-testing banking group Lloyds
The country's market regulator, FSA, is stress-testing banking group Lloyds' (LLOY.L) plans to raise 10 billion pounds and reduce its dependence on a state-backed...
Novae formed Novae Re
Novae Group plc today announces the formation of Novae Re, a new unit writing an international and predominantly reinsurance account. The new unit, which...
FSA has imposed a public censure on Cheshire Life & Pensions
The Financial Services Authority (FSA) has today imposed a public censure on a Derbyshire financial advice firm for failing to ensure its advice on...
Challenges and opportunities facing the UK Insurance Industry
The Insurance Industry Working Group (IIWG) today published its report into the medium and long-term challenges facing the insurance industry.
The group was set up...
Walker review proposes fundamental changes to strengthen governance
The corporate governance review led by Sir David Walker has recommended substantial changes to the way the boards of banks and other big financial institutions function in particular through boosting the role of non-executives in the risk and remuneration process.
UK life insurers were tested with easier stress-test than banks.
According to Financial Services Authority, life insurers could survive a recession that assumed a 15 percent drop in property prices in 2009.
Prev
