FSA
Appointment : Sir Howard Davies and Paul Manduca to join Prudential
Britain's largest insurance group has earmarked ex-Financial Service Authority chairman Sir Howard for a non-executive role with Paul Manduca – another respected City figure...
New Employers’ Liability insurance proposals could require change in practice
The British Insurance Brokers’ Association (BIBA) has responded with support to the FSA consultation paper for the new Employers’ Liability Centralised Database, operated by...
Car insurance premiums soar by 14%
The cost of car insurance soared by 14% during the second quarter as insurers raised their prices in a bid to return to profit,...
Insurance brokers under threat from huge increase in cost of regulation
The recent invoices received by members from the FSA for the 2010-11 fees and levies have highlighted the inequality of the current funding of...
General insurance firm director banned by FSA for Client Money failings
The Financial Services Authority has banned the director of a Manchester based mortgage and general insurance firm from holding senior positions in the financial...
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...
Financial services industry and FSA agree a package to help MPPI customers
The Association of British Insurers (ABI), the British Bankers Association, the Building Societies Association and the Council of Mortgage Lenders have reached an agreement...
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...
Searchlight launches new regulatory compliance support service for SME
Insurance training and consultancy provider Searchlight has launched a dedicated regulatory compliance support service. The new service is aimed at SME insurance providers looking...
FSA to take measures to protect PPI consumers
The Financial Services Authority (FSA) has today announced a package of tough measures to protect consumers in the Payment Protection Insurance (PPI) market and...
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