The MGAA has announced details of feedback it has received from the FCA as a result of its lobbying of the regulator in relation to multi-occupancy buildings insurance commission disclosures. The purpose of the rules on multi-occupancy buildings insurance are to...
The Ministry of Housing, Communities & Local Government has published a consultation on “Permitted insurance fees for landlords, freeholders and property managing agents”, seeking views on proposals to prevent freeholders, property managing agents and...
FOS has published its responses to its Consultations charging Claims Management Companies (CMCs) and other Professional Representatives (PRs), and has written to the FCA with the outcome accordingly. FOS published its second consultation paper in May 2024 on these...
The FCA has published the findings from its survey of the London insurance markets and London wholesale banking firms, in relation to culture and non-financial misconduct. Alongside the press release and the finding, the FCA has published the non-financial misconduct...
The FCA has published a draft Terms of Reference, which is open for ‘comment’ (not consultation) until 18th November 2024, for a Market Study into “whether people who borrow to pay for motor and home insurance are receiving fair, competitive deals.” This will be a...
Having reviewed how well Principal firms have embedded the requirements of the enhanced AR regime, the FCA has set out good practice and areas for improvement to help Principal firms effectively oversee and monitor their ARs. The FCA’s approach is in line with...
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