Later this month we will finally see the FCA’s delayed market study on general insurance pricing practices (MS18/1). We’ll be publishing detailed commentary on the FCA’s final report following its publication on 22 September. In the meantime it may be worth recalling...
The FCA is pressing ahead with the process, begun in April, of migrating firms from Gabriel to its new improved data collection platform RegData. If you haven’t already, you can expect to be notified by email three weeks in advance of your moving date. The Regulator...
On 31 July the Information Commissioner’s Office (ICO) published its guidance on data protection issues around the use of artificial intelligence (AI). The ICO said its guidance was intended to help firms mitigate risks arising from a data protection perspective,...
The test case on business interruption insurance, heard over eight days at the High Court, between two claimant action groups and eight insurer defendants (with a submission from the FCA) ended on 31 July. Judgement is now awaited. Lord Justice Flaux expressed the...
On 27 July the FCA launched an enhanced version of its Financial Services Register, along with an accompanying statement. The good news is the new version features clearer navigation and design, simpler language, better guidance on use, greater prominence for key...
The FCA has announced its intention of banning discretionary commission models for motor finance brokers. The Regulator said it had reached the view that brokers’ effective ability to set the interest rate paid by customers (a rate to which their own commissions are...
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