FSA
HSBC : fails to meet PPI complaint deadline
Banking giant HSBC confirmed yesterday that it was going to miss the Financial Services Authority’s (FSA) deadline of 31 August, for dealing with complaints...
FSA / PPI : UK companies paid out an estimated GBP 215 in PPI compensation
The UK companies that have mis-sold payment protection insurance have paid out an estimated GBP 215 million during the first half of the year...
BIBA : supports crackdown on the regulation of insurance comparison sites
The British Insurance Brokers’ Association has submitted their formal response to the FSA proposed guidance on the: Selling of general insurance policies through price...
Standard Life : response to FSA Policy Statement on Platforms
Standard Life welcomes the new FSA Policy Statement issued.
The key points are:
- Cash rebates - FSA to undertake further research
- Voting rights - all...
British watchdog hits Willis with record anti-bribery fine
Britain's financial watchdog on Thursday said it had fined British insurance broker Willis Limited nearly £7.0 million for failing to ensure payments to overseas...
FSA : action against directors of IFA firm for recommending unsuitable investments
The Financial Services Authority (FSA) has imposed prohibitions on Paul Banfield and Anthony Moss, former directors of Best Advice Financial Planning Limited (Best Advice),...
BSA : MPs’ calls on Government to foster diversity and promote mutuals welcomed
The All-Party Parliamentary Group for Building Societies and Financial Mutuals has today set out important recommendations as to how the Government should deliver its...
FSA : FCA approach document launched
The Financial Services Authority (FSA) has today outlined how its successor body charged with conduct and markets regulation will be tougher, bolder and more...
BIBA : FSCS petition of 7000 signatures presented to MP
The British Insurance Brokers' Association (BIBA) has presented its Financial Services Compensation Scheme (FSCS) petition of nearly 7000 member signatures to Jonathan Evans MP...
FSA : temporary extension for some PPI complaints granted
The Financial Services Authority (FSA) today agreed to temporary arrangements for Barclays, Lloyds Banking Group and RBS to handle Payment Protection Insurance (PPI) complaints....
BIBA : welcomes FSA proposed guidance for comparison websites
The British Insurance Brokers' Association (BIBA) has welcomed the Financial Services Authority's (FSA) guidance consultation for insurance comparison websites. The FSA has stated that...
FSA : price comparison websites to make sure they understand regulatory requirements
Firms who operate a price comparison website have received a letter from the Financial Services Authority to ensure they are aware of their regulatory...
FSA : reports on complaints
An FSA report showed combined complaints against Coutts and Towry breached the 2,000 mark in the second half of 2010.
The study also showed leading...
BIBA calls for FSA to accelerate FSCS review
Eric Galbraith, Chief Executive of the British Insurance Brokers’ Association (BIBA), has called on the Financial Services Authority (FSA) to accelerate its fundamental review...
FSA hands out fines totalling £88m, more than doubling last year’s record haul
- Fines set to rise further next year as new penalties policy bites
- Tip of the iceberg as financial services firms spend unseen hundreds...
FSA confirm FSCS funding review delayed
BIBA has received the following communication from the FSA:
In response to industry calls to look at the funding arrangements for the FSCS following the...
BIBA : asking for a proportionate and cost effective approach to regulation
The British Insurance Brokers’ Association (BIBA) has formally responded to the HM Treasury consultation paper on a new approach to regulation. BIBA prepared and...
Featured /PPI : CC confirms point-of-sale prohibition
The Competition Commission (CC) has confirmed that it will introduce a remedies package based around a point-of-sale prohibition for all forms of payment protection...
Financial rating : U.K. Insurer AXA Sun Life PLC Downgraded To ‘A-‘
Standard & Poor's Ratings Services said on September 15 that it lowered its long-term counterparty credit and insurer financial strength ratings to 'A-' from...
Goldman Sachs says Prudential’s Asian plan is right
Prudential should sell its American business before hiving off its Asian assets, a confidential strategic review designed to appease investor concern about its inherent...
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