Compliance & Regulation

The Financial Conduct Authority (FCA) is removing a set of dedicated disclosure rules for advisers and insurers operating in the protection market, including around ensuring customers understand they are making the decision...

Health and protection insurance intermediaries will no longer have to disclose to customers where they use only exclusive single-tie arrangements or a panel of insurers when selling products to retail customers. Proposals...

The Financial Conduct Authority (FCA) has proposed removing non-UK business from the scope of Consumer Duty. The regulator is proposing to simplify the rules that apply when insurance is sold and will...

Price comparison websites can charge insurers and intermediaries multiple times for hosting their products and even do so without completing a sale, according to the British Insurance Brokers Association (BIBA). The trade...

Price comparison websites dominate the consumer insurance market but artificial intelligence (AI) services are becoming increasingly influential, according to the British Insurance Brokers Association (BIBA). The trade body also noted how this...

The Association of British Insurers (ABI) is preparing a “multimedia multi-year” campaign to educate consumers about key terms and elements of insurance products. The trade body revealed the plans at a House...

General Data Protection Regulation (GDPR) is no excuse for obstructing vulnerable protection customers from accessing added value services. This is according to protection industry veteran and Morgan Ash chairman Johnny Timpson (pictured),...

Fairer Finance has warned of a ‘hollowing out’ of private medical insurance (PMI) and protection products to facilitate distribution through price comparison websites. James Daley, managing director of the consumer group, warned...

The Chartered Insurance Institute (CII) has published new guidance to support insurance and personal finance firms in managing data relating to customers in vulnerable circumstances.  The Data Privacy for Customers in Vulnerable...

The Prudential Regulation Authority’s (PRA) new UK captive insurance regime will go live in the middle of next year. This is according to Shoib Khan, director of insurance supervision at the Bank...