Compliance & Regulation

The current regulatory framework governing artificial intelligence (AI) in financial services does not need to be replaced. This is according to the Mills review led by Financial Conduct Authority executive director Sheldon...

The Financial Conduct Authority’s Protection Market Study was a “missed opportunity” to help challenger brands like Guardian. This is according to chairman Peter Mann, who was speaking at a launch event for...

The Private Healthcare Information Network (PHIN) has achieved compliance with the transparency provisions of the Competition and Markets Authority’s Private Healthcare Market Investigation Order 2014 which enables patients to choose the hospital...

UK companies could unlock a £9.9bn “productivity premium” by encouraging their employees to discuss their health and wellbeing needs, a British Standards Institution (BSI) study found. Creating a culture of trust, where employees...

Alan Milburn’s action plan on youth labour market inactivity is set to be published in September and has the backing of the likely successor to the prime minister. This is according to...

The UK private medical insurance (PMI) market is an exciting place to be at present. Having seen a significant up-tick in membership over the last five years it is still primed for...

Creating a standard governance framework for the use of artificial intelligence (AI) systems in the protection market would save money and improve regulatory compliance. It would also help to address issues of...

The Financial Conduct Authority (FCA) is removing a set of dedicated disclosure rules for advisers and insurers operating in the protection market, including around ensuring customers understand they are making the decision...

Health and protection insurance intermediaries will no longer have to disclose to customers where they use only exclusive single-tie arrangements or a panel of insurers when selling products to retail customers. Proposals...

The Financial Conduct Authority (FCA) has proposed removing non-UK business from the scope of Consumer Duty. The regulator is proposing to simplify the rules that apply when insurance is sold and will...