Regulation – Page 7
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News‘A watershed moment’ – Reaction as Consumer Duty comes into force
’Firms will now have a laser focus on looking at everything through the lens of the customer,’ says chief client officer
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News AnalysisIt’s deadline day for the new Consumer Duty – but is the industry ready?
Preparing for the new regulation has been a ‘huge piece of work’, says chief executive
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NewsConsumer Duty still causing ‘headaches’ as regulation comes into force
However, head of consumer strategy says there can be ’really good benefits’ in the long-term
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News AnalysisConsumer Duty’s regulatory burden particularly unwelcome for SME brokers
According to Jackson Lee Underwriting’s head of leisure insurance Graeme Hamilton “some people forget about the small brokers out there”.
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NewsWarning as data shows insurers ‘need to up game’ ahead of Consumer Duty deadline
’As part of its new Consumer Duty, the FCA should clamp down on firms that fall below the required standards,’ says expert
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NewsThe challenges and opportunities smaller brokers face as Consumer Duty deadline looms
’Some people forget about the small brokers out there,’ says head of leisure insurance
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NewsPremium Credit looks to support brokers with FCA fees
Sales director says move comes ’at a time when finances are under considerable pressure’
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NewsIncreased upheld FOS complaints ‘does not exactly scream fair value’
The latest results should make a ‘worrying read for insurers’ as the Consumer Duty deadline looms, says co-founder
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News AnalysisBriefing: FCA surprised at high commission levels for multi-occupancy buildings insurance
It seems the ship has well and truly sailed on the sector effectively self-regulating on this issue
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NewsWhy insurance industry should focus on long-term gain of Consumer Duty regulation
Head of consumer strategy says there are ’rewards to be had’ by companies that get the implementation of the new regulation right
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News‘Appears to be sensible’ – Reaction as PRA launches Solvency II reform consultation
’The measures will reduce bureaucracy, facilitate competition, and support UK economic growth and competitiveness’ says PRA chief executive
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News‘Landmark legislation’ – Biba praises new Financial Services and Markets Bill
’Proportionality is essential for a competitive market,’ says executive director
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NewsSmaller brokers have had enough of ‘regulatory burden’ – Blanc
’As ever, the problem and the solutions lie in effective communication,’ says head of M&A
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News AnalysisBriefing: Why brokers are ‘scratching their heads’ as Consumer Duty deadline looms
The principle for financial firms to deliver good outcomes for customers sounds pretty innocuous, but is proving fair value as simple as what it seems?
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NewsIndividual directors face risk of climate-related law breach accountability – Kennedys
D&Os and their insurers should take a proactive approach in monitoring and dealing with risks amongst their insureds, says partner
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News AnalysisBriefing: Regulation pulling the sector this way and that
Are the two largest pieces of regulation for the insurance industry today pulling in opposite directions?
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NewsFCA imposes restrictions on four insurance firms amid AR crackdown
’Thanks to our tougher rules and new reporting requirements, we have been able to take increased action,’ says director of insurance
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NewsOver half of UK adults considered vulnerable under Consumer Duty – Watermelon
’By understanding customers better, financial service providers are best positioned to help all their customers,’ says chief strategy officer
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NewsNew service for insurers to be launched ahead of Consumer Duty regulation
The service will give insurers a ‘data-driven view of their performance against a backdrop of consumer outcomes’, says head of consumer strategy
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NewsRefreshed GTA needs to take account of changes in motor claims market – CHO
It came as discussions between the credit hire industry and insurers on the scope of a revised GTA reach an important stage
