Compliance & Regulation

The Financial Conduct Authority (FCA) has been forced to appoint an interim chairman of the Financial Ombudsman Service (FOS) from the FCA board after admitting "the initial recruitment campaign proved unsuccessful". Liam...

Nothing has been done about low private medical insurance (PMI) policy renewal commissions from insurers incentivising bad adviser behaviour for 20 years, according to compliance consultant Branko Bjelobaba. However, he warned that...

The Financial Conduct Authority (FCA) is likely to publish the next edition of its insurance strategy in the next couple of months, Health & Protection understands. The strategy will outline the regulator’s...

The group risk industry has warmly welcomed confirmation that death in service benefits will not be brought under the scope of inheritance tax (IHT) liabilities. HM Revenue & Customs (HMRC) also confirmed...

The inclusion of group life in the government’s captive framework has been welcomed but it is not expected to have a major impact on the industry or country unless further benefits are...

The chancellor has charged the Financial Conduct Authority (FCA) with reassessing the impact of its Consumer Duty on financial services and the way "businesses interact with other businesses". Delivering her Mansion House...

A 10-year long stop on claims made to the Financial Ombudsman Service (FOS) may exclude most protection products as part of an exemption proposed by HM Treasury (HMT). The consultation proposing the...

The group life and employee benefits sector has been included in HM Treasury’s (HMT) plans for the new UK captive insurance regime, having been excluded from the original proposals. The first consultation...

The Financial Conduct Authority (FCA) believes customer service in the general insurance and protection markets has improved over the last three years, despite outcomes only improving by a couple of percentage points....

Intermediaries in the health and protection insurance markets will see a steeper drop in the fee rate payable to the Financial Conduct Authority (FCA) than previously expected due to soaring revenues. In...