Compliance & Regulation

Pensions minister Torsten Bell (pictured) has ruled out auto-enrolment for private medical insurance (PMI). The subject of auto-enrolment for workplace health benefits has been raised following the publication of the Labour government...

Restricted insurer panels can be used as an intermediary strategy to negotiate higher commission rates, according to the Financial Conduct Authority’s (FCA) in its pure protection market study interim report. FCA data...

Insurers have written off at least £100m in clawback commission debt due to poor adviser behaviour with another £19m outstanding. As a result, the Financial Conduct Authority (FCA) identified concerns about certain...

Claims ratios from pure protection insurance products are generally above 50% and typically higher than most general insurance (GI) products, according to analysis from the Financial Conduct Authority (FCA). Ratios for income...

The Financial Conduct Authority (FCA) has proposed a series of actions and options it can undertake to help the protection insurance industry close the protection gap. These include extending its targeted support...

The Financial Conduct Authority (FCA) does not expect to be making significant interventions including the banning of loaded premiums in the protection market. The regulator highlighted that loaded premiums and restricted panels...

The Financial Conduct Authority (FCA) wants to help the protection insurance industry close the consumer protection gap. Furthermore, while the FCA is proposing some modest measures, it said it was not anticipating...

Abigail Montrose hears how the protection industry is viewing the FCA’s review of the market and how greater transparency is seen as a good thing.   The Financial Conduct Authority’s (FCA) ongoing...

Sheldon Mills’ artificial intelligence (AI) review will consider the evolving fraud threat from the technology on retail financial services, including AI-enabled advisers and intermediaries. It will ask what good outcomes might mean...

The Financial Conduct Authority (FCA) is considering the prospect of introducing its own AI agents to help enforcement and make sure markets continue working well. The regulator floated the idea as part...