The FCA published PS21/3 Building operational resilience in March 2021. The Policy Statement set out the final rules and guidance on the FCA’s new requirements to strengthen operational resilience in the financial services sector. The firms affected by the rules,...
The FCA has fined HSBC UK Bank plc, HSBC Bank plc and Marks and Spencer Financial Services plc (HSBC) almost £6.3m, which would have been almost £9m but for HSBC’s agreement to resolve the matter, for failures in its treatment of customers who were in arrears or...
BIBA has again urged the Government to revise its position on Insurance Premium Tax following the release of another record annual UK provisional tax receipt figure. BIBA previously called on the Government to intervene on IPT in its Spring 2024 budget submission to...
Brokers Ireland recently announced, following a review by EIOPA of the Harmonised Index of Consumer Prices (HICP) and a December 2023 European Commission Regulation amendment, that the minimum rate of Professional Indemnity Insurance (PII) that insurance...
In publishing the details of research, Which? has conducted into the cost of insurance instalment facilities in the home and motor insurance markets, Which? is urging the FCA to publish a league table of the ‘best and worst’ providers (purely from an APR perspective)...
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