Based on data gathered by the FCA from insurers, it has emerged that 10,207 of the 21,140 BI policyholders who have had claims accepted have received at least an interim payment. Earlier this week, the FCA announced the publication of the first set of data collected...
The FCA has announced that it is responding to feedback by extending its timetable for implementing changes flowing from its consultation on general insurance pricing practices, CP20/19, which closed on 25 January. In the consultation document, the FCA originally...
It’s important to be aware that the current FCA invoicing portal (which allows users to access their invoices and pay fees) is being retired at the end of March, with its replacement not due to come on stream until 12 April. In its announcement on this topic, the FCA...
In a speech delivered at the launch of the HM Treasury Women in Finance Charter Annual Review, FCA CEO Nikhil Rathi insisted that the regulator sees diversity and inclusion as regulatory issues. ‘As an employer, Rathi said, ‘we are determined to improve our own...
Part of HM Treasury, the Office of Financial Sanctions Implementation (OFSI) helps ensure that financial sanctions are properly understood, implemented, and enforced in the UK. OFSI recently announced the launch of an updated version of its monetary penalty guidance,...
Following the conclusion of the Business Interruption insurance test case, the FCA has published a list of BI policies capable of responding to the Covid-19 pandemic. Back in January, the FCA sent a Dear CEO letter to insurers impacted by the business interruption...
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