Compliance & Regulation
FCA issues warning about unauthorised life insurer targeting UK customers
The Financial Conduct Authority (FCA) has issued a warning about a City-based online banking services provider offering life insurance targeting UK customers. The regulator has warned that Great Western Bank which lists...
Read moreFCA fair value data: Cash plans, dental insurance and MPPI analysed
The Financial Conduct Authority (FCA) has published value measures data for general insurance products including healthcare cash plans, mortgage payment protection insurance, and dental insurance. According to the figures, cash plans and...
Read moreFCA eyes minimum fee freeze and below-inflation rises to protect smaller firms
The Financial Conduct Authority (FCA) is considering freezing minimum and flat fees for the next financial year as it acknowledged the high inflation environment facing financial firms. Beginning consulting for its 2023/24...
Read moreGovernment’s NHS dentistry changes rejected as ‘minor tweaks’ with no new funding
The government has announced contract changes for NHS dentists which it claims will incentivise practices to take on high need patients who require treatment the most. However, dentists said the changes were...
Read moreFCA does not know number of in-force protection and PMI policies – exclusive
The Financial Conduct Authority (FCA) does not know how many protection and health insurance customers are in the UK market, Health & Protection can reveal. The regulator confirmed to Health & Protection...
Read moreHealth and protection FSCS levy unchanged as mortgage brokers escape fees
The Financial Services Compensation Scheme (FSCS) expects its levy for advisers in the general insurance distribution class, which includes those in the health and protection sectors, to remain at £5.3m in the...
Read moreFCA commits to turning staff feedback into action after questions of leadership
The Financial Conduct Authority (FCA) has committed to speaking to staff to turn their feedback into action as it continues to face fallout from its labour dispute this year. It was responding...
Read morePFS emphasises culture change and diverse views in Consumer Duty guide
The Personal Finance Society (PFS) has emphasised the importance of changing culture within financial services firms to meet the Financial Conduct Authority’s (FCA) incoming Consumer Duty. The representative body for financial advisers...
Read moreFCA’s Mills highlights personal experience in need for diversity data collection
Collecting data beyond visible characteristics of race or gender fosters feelings of acceptance among diverse communities, according to the Financial Conduct Authority's Sheldon Mills, who spoke candidly about his own experiences of...
Read moreABI sets minimum targets for members signed up to D&I initiatives
The Association of British Insurers (ABI) has set a minimum target for the number of its members signed up to various diversity at work initiatives. The move is part of a multi-year...
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