Compliance & Regulation
Another year with no FSCS levy for health, protection and mortgage advisers
The Financial Services Compensation Scheme (FSCS) is expecting a third consecutive year with no additional levy for advisers operating in the protection and health insurance sectors. Those working in the mortgage broker...
Read moreAdvisers and insurers could face paying FOS case fees up-front when complaints submitted
Advisers, intermediaries, insurers and other financial services firms could be forced to pay fees for complaints made to the Financial Ombudsman Service (FOS) when they are submitted. This would reverse the current...
Read moreFOS hits claims management companies with £250 case fee as FCA eyes tighter rules
The Financial Ombudsman Service (FOS) will introduce a £250 case fee for complaints submitted by claims management companies (CMCs) and other professional representatives. Meanwhile the Financial Conduct Authority (FCA) is consulting on...
Read moreReeves sets out replacing FCA Certification Regime and FOS modernisation
Chancellor Rachel Reeves has set out significant reforms to be made to the Financial Conduct Authority (FCA) and Financial Ombudsman Service (FOS). This includes an overhaul and replacement of the FCA Certification...
Read moreLabour charges FCA and PRA to review mutuals regulation
The Labour government has requested both leading financial regulators to review the rules governing mutual organisations to “unlock the full potential of the mutual and cooperative sector in the UK”. Economic secretary...
Read moreBudget could bring wealth managers and protection advisers closer than ever – Müdd
There were more kites flown ahead of this year’s Budget than I have ever seen, which fuelled many and varied rumours. I and many others pitched in with our thoughts and most...
Read moreFCA will demand fair value data from pure protection providers – exclusive
The Financial Conduct Authority (FCA) will be collecting fair value data from pure protection insurance providers, Health & Protection can reveal. The regulator said it was planning to collect the data as...
Read moreRow erupts over whether Single Is Best campaign promotes bad advice
CIExpert's Single Is Best campaign has come under fire from advisers for promoting bad advice in situations where recommending two single life policies is not the best option. However, CIExpert director Alan...
Read moreHealth & Protection Individual Protection Report: Barely one in three policies in trust as alternatives show significant take-up
Alternative options to trust arrangements appear to be highly popular with advisers and their clients for securing life insurance payouts, the latest Health & Protection Individual and Business Protection Report has found...
Read moreIndividual PMI roundtable: Pet unicorns more likely than IPT cut but NI hike leaves PMI demand steady
Government's increase to employer's National Insurance contributions is not likely to affect demand for private medical insurance (PMI) as waits for NHS treatment stay stubbornly high. But there is more chance of...
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