Compliance & Regulation
Fair value rules do not stop price rises – FCA
The Financial Conduct Authority (FCA) has emphasised that its fair value rules do not mean prices for financial products and services cannot rise. However, it told insurers to ensure that any increases...
Read moreABI joins chorus of calls for PMI tax breaks in Budget
The Association of British Insurers (ABI) has joined the chorus of calls on government to cut the rate of Insurance Premium Tax (IPT) on health insurance in next week's Budget. The call...
Read moreMorganAsh updates MARS vulnerability system
A raft of upgrades have been made to the MorganAsh Resilience System (MARS) - the firm's vulnerability tool for advisers. MARS now allows users to book an appointment in real time for...
Read moreGovernment not as worried about increased risk of insurer collapse from Solvency II reforms as we are – BoE
Government does not appear to share the same concern about the increased risk of a life insurance firm collapsing due to its Solvency II reforms as the Bank of England does, according...
Read moreFOS changes aim to encourage proactive settlement of complaints
The Financial Ombudsman Service (FOS) is proposing to change the way it processes complaints to encourage firms to solve complaints faster. The regulator has suggested adding a new category within its biannual...
Read moreTimpson to propose remedies for splitting joint life cover under economic abuse
Johnny Timpson is working with an insurance law expert on options for legal or regulatory remedies enabling insurers to split life cover policies where there is evidence of economic abuse. Timpson (pictured)...
Read moreCBI calls for tax relief on employer health interventions
The Confederation of British Industry (CBI) has called on chancellor Jeremy Hunt to offer tax relief or other financial support for employers supporting their employees' health. CBI director-general Tony Danker (pictured) made...
Read moreMPs warn NHS recovery targets already ‘unachievable’ as cancer waits getting worse
MPs have warned the first year of NHS England’s three-year recovery programme is already falling short of expectations, that targets are likely to be missed and that they want a better explanation...
Read moreBMA confirms 72-hour walk out by junior doctors in England from 13 March
The British Medical Association (BMA) has confirmed its junior doctor members across England will strike for three days from Monday 13 March. The BMA said the decision followed the failure of health...
Read moreFCA to survey 600 smaller firms about Consumer Duty implementation – Mills
The Financial Conduct Authority (FCA) is to survey 600 smaller firms to check how they are preparing for implementing the Consumer Duty. The regulator also conceded it may have not adequately explained...
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‘Hollowing out’ of PMI and protection plans as comparison sites dominate – Daley
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Beagle Street launches into adviser protection market
