The FSCS has published its May 2022 Outlook update which confirms the latest compensation and overall levy forecast for 2022/23. The update also outlines FSCS priorities for 2022/23 which include embedding funeral plans into scope, working on customer experience of...
Back in July, the FCA issued a consultation paper on proposed changes to its decision-making process that would enable it to make faster and more effective decisions on firms that fail to meet its required regulatory standards. The FCA has now confirmed the changes...
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...
In an interview with Insurance Business, Caroline Barr, chair of BIBA’s Access to Insurance Committee, has called for brokers to do more to ensure people have access to the peace of mind insurance can bring. ‘Peace of mind is what you are buying when you buy an...
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...
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