Compliance & Regulation

The Financial Conduct Authority expects firms to address key fair value challenges connected to goneaway customers, data gaps, vested rights and outcomes ahead of its looming Consumer Duty deadline for closed books....

The Private Healthcare Information Network (PHIN) has collaborated with IWantGreatCare/Top Doctors (IWGC/TD) to enable the free submission of data to PHIN through the IWGC patient feedback platform. At its AGM in December...

Cutting insurance premium tax (IPT) is the key to improving worker inactivity, according to Cara Spinks, head of insurance consulting at actuarial consultancy OAC. Spinks' comments follow latest HMRC tax receipts data...

More meaningful occupational health interventions will be necessary to make government's plan to shift responsibility for issuing fit notes from GPs, towards specialist work and health professionals workable. This is according to...

Standardising how protection insurance providers report fair value assessments will be "helpful" for advisers grappling with Consumer Duty. This is according to Paul Fothergill, regulatory engagement manager at Sesame Bankhall Group (pictured),...

Now is the time for protection insurers allowing intermediaries to use loaded premiums to end this practice, according to LifeSearch chairman Tom Baigrie. Speaking at the advice firm's Awards yesterday, Baigrie (pictured)...

Advisers in the health and protection insurance markets face a 10% rise in Financial Conduct Authority (FCA) fees for the current financial year, the regulator has revealed. Intermediaries operating in the A.19...

Fair value requirements under the Consumer Duty are causing providers and advisers alike to regularly review product offerings and propositions. For advisers this has meant keeping a close eye on tweaks to...

Aviva has completed the £453m acquisition of AIG Life UK from Corebridge Financial, a quoted subsidiary of American International Group. The deal was first announced in September last year, but in February...

The Financial Services Compensation Scheme (FSCS) recovered more than £54m from the estates of failed financial services providers in the 2023/24 financial year. The FSCS revealed around £2m of the funds secured...