The FCA has caused alarm among insurance intermediaries and MGAs by insisting that firms must rid themselves of staff who are not ‘fit and proper’ for roles under the Senior Managers & Certification Regime (SM&CR) which comes into effect on 31 March 2021. The...
The Association of Professional Compliance Consultants has alerted members to a suspected scam email purporting to come from the FCA. Due to its content, this email appears very unlikely to have been sent by the regulator, and is in all probability a scam. Do not be...
The FCA has issued a Policy Statement summarising consultation feedback and setting out the final rules for its Certification Regime and Conduct Rules. At the FCA’s request, the Treasury has made a statutory instrument putting back the date by which solo-regulated...
The Financial Ombudsman Service (FOS) has revealed that it received just over 118,035 complaints about individual businesses between January and June this year, 41,411 of which related to PPI. The FOS said it had upheld 31% of these complaints in the consumer’s...
Professional body the Chartered Insurance Institute (CII) is reporting that two thirds of its members believe the FCA’s recent business interruption test case has damaged trust in the general insurance sector. Of 142 CII members who responded to a social media survey...
On 8 October the Money and Pensions Service (MaPS) launched its new travel insurance directory for people with serious pre-existing medical conditions (PEMCs) on its Money Advice Service website. In an update to PS20/3 Signposting to travel insurance for customers...
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
