In addition to being represented at, and supporting, industry body seminars and webinars, UKGI listens to a variety of opinion on matters of regulatory importance. Accountancy and audit firm, PKF Littlejohn, held a breakfast briefing aimed at insurance firms on...
The FCA has published the awaited insurance product value measures data for the period July to December 2021. In its General Insurance (GI) add-ons Market Study (MS14/1), published a little over eight years ago, the FCA identified poor product value as an area of...
The implementation period for the Consumer Duty runs until the end of July 2023 in relation to all new and ‘open’ products and services, and to the end of July 2024 for all ‘closed’ products and services. For insurance intermediaries, a ‘closed’ product will be one...
The Financial Ombudsman Service (FOS) has published a feedback statement in relation to its Future Funding Discussion Paper. FOS has operated under the same funding model that was established when it was set up in 2000. Since then, there have been dramatic changes in...
As a member of the APCC, UKGI participates in a number of their sector / topic-specific working groups, one of which is the general insurance working group. At a meeting of the GI working group this week, an issue was raised in relation to HSBC Bank and letters that...
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