FSA
BIBA welcomes Conservative promise of caution in dismantling FSA
The British Insurance Brokers’ Association (BIBA) has today welcomed the recent clarification by George Osborne, the Shadow Chancellor of the Exchequer, where he promised...
Insurance complaints data must be useful to consumers
Commenting on publication of aggregate financial services complaints data by the FSA, Maggie Craig, the ABI’s Director of Consumer Strategy, said:
“The ABI’s member companies...
FSA is stress-testing banking group Lloyds
The country's market regulator, FSA, is stress-testing banking group Lloyds' (LLOY.L) plans to raise 10 billion pounds and reduce its dependence on a state-backed...
Novae formed Novae Re
Novae Group plc today announces the formation of Novae Re, a new unit writing an international and predominantly reinsurance account. The new unit, which...
FSA has imposed a public censure on Cheshire Life & Pensions
The Financial Services Authority (FSA) has today imposed a public censure on a Derbyshire financial advice firm for failing to ensure its advice on...
Challenges and opportunities facing the UK Insurance Industry
The Insurance Industry Working Group (IIWG) today published its report into the medium and long-term challenges facing the insurance industry.
The group was set up...
HSBC firms fined over £3m for information security failings
The Financial Services Authority (FSA) has fined three HSBC firms over £3 million for not having adequate systems and controls in place to protect...
Walker review proposes fundamental changes to strengthen governance
The corporate governance review led by Sir David Walker has recommended substantial changes to the way the boards of banks and other big financial institutions function in particular through boosting the role of non-executives in the risk and remuneration process.
Gloomy Scenarios In UK Insurer Stress Tests Already Happened
Gloomy scenarios to assess the resilience of U.K. insurers turned into reality within weeks of the tests being carried out earlier this year, casting doubt on their usefulness.
BIBA’s new London committee promises greater influence
Last week’s first meeting of the British Insurance Brokers’ Association (BIBA) new London Market Region Committee (LMRC) had a clear aim: to set the kind of goals and strategy that would mark a fresh approach to London broker representation.
FSA proposing Insurance companies to provide details of customer complaints
Insurance companies and other UK financial institutions may be required to provide consumers with details of customer complaints.
Under new proposals from the Financial Services...
Aviva : Policyholders vote to accept the cash reattribution offer
Over 40% of eligible policyholders have now voted on whether to accept Aviva’s cash reattribution offer. All other customers must now decide whether to...
FSA fines £20k director of insurance broker AIF Limited
The Financial Services Authority (FSA) has fined Richard Holmes, a director of insurance broker AIF Limited, £20,020 for control failings in relation to an...
ABI challenges FSA on Retail Distribution Review qualification issues
The Association of British Insurers (ABI) has responded to the Financial Services Authority’s (FSA’s) Consultation Paper on the Retail Distribution Review (RDR) by applauding...
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