Compliance & Regulation

The Financial Ombudsman Service (FOS) is planning to cut its compulsory levy by which is paid for by all financial services firms to £70m for the 2024/25 financial year. The figure will...

Guidance issued to group risk insurers to not include third party service level and supplier agreements in contracts with employers should not be considered anti-competitive, Group Risk Development (Grid) has said. The...

Wearable devices could help big tech firms to better understand a consumer’s financial and risk profile and create more accurately priced financial products, according to the Financial Conduct Authority (FCA).  The FCA...

Insurance professionals should be given mandatory training on economic abuse, according to Johnny Timpson. Timpson (pictured) spoke to Health & Protection following the Chartered Insurance Institute (CII) revealing this morning that it...

Tax relief on health interventions such as health insurance, employee assistance programmes, and wellness initiatives will boost the productivity of UK plc. This is according to Association of Medical Insurers and Intermediaries...

The benefits employers provide their people with can play a key role in tackling environmental, social and governance (ESG) issues ranging from increasing access to healthcare to preparing for environmental disasters. Three...

The Department of Work and Pensions (DWP) is “keen to learn” about how group income protection (GIP) and wider workplace health support can be included in its occupational health (OH) measures. It...

The chancellor has announced increases to Universal Credit, the local housing allowance rate and the state pension in a bid to alleviate the current cost of living crisis. Delivering his Autumn Statement...

Industry experts have called on the chancellor to prioritise tax breaks to encourage greater uptake of private medical insurance (PMI) as well as laying out plans to effectively harness vocational rehabilitation ahead...

The Financial Conduct Authority (FCA) is proposing to increase minimum and flat rate fees in stages to £2,200 by 2026/27. After having frozen these fees in 2023/24, the regulator said in its...