The Competition and Markets Authority (CMA) has reminded private motor brokers and insurers that they need to submit their annual compliance reports by 1 February. Submitting a CMA compliance report is a requirement under the CMA’s Private Motor Insurance Market...
Following the FCA’s decision to require insurance firms to offer renewing home and motor policyholders a price no higher than equivalent new customers, the regulator is engaging with affected firms to work through the implications of the radical intervention it’s...
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...
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 has added a page to its website that brings together brief descriptions and links to dedicated Brexit websites hosted by financial regulators in EEA member states. This useful list, while not exhaustive, will be updated as the regulator becomes aware of other...
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