The FCA has issued a Dear CEO letter setting out its views on the key potential risks of harm posed to customers by firms operating in the Lloyd’s and London market (LLM). The letter issued on 23 November also outlines what strategies and actions the regulator expects...
One of the many services we offer at UKGI is helping insurance firms set up and monitor a network of Appointed Representatives (ARs). We can carry out fit and proper checks on prospective ARs and Approved Persons, develop internal compliance manuals and procedures,...
The FCA has taken the opportunity of its latest Regulation Round-up email to remind insurers and intermediaries of their duty to ensure that risk transfer agreements are properly in place. In particular, the regulator said it has seen instances where Terms of Business...
With just days left for UK negotiators to secure a trade deal with the EU before the transition period ends on 31 December, our industry has little choice but to work on the assumption that there will be no deal – or, at best, a very thin deal. Most brokers have...
The FCA issued a reminder late last month stressing that firms have until 3 December to complete a review of the value offered by their products, taking account of the impact of coronavirus. This relates to guidance issued by the FCA back in June highlighting the...
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