Compliance & Regulation
FCA tackles authorisation delays with director hires and process overhaul
The Financial Conduct Authority (FCA) has appointed Laura Dawes and Dominic Cashman as directors of authorisation and is reforming its process to speed up decision-making. The regulator has faced complaints from the...
Read moreWe should embrace modernisation of protection sales, not mourn the passing of old ways – Jeynes
Phil Jeynes is responding to the report and independent research published by advice firm LifeSearch last month about the quality of non-advised protection sales. According to Swiss Re’s 2021 Term and...
Read moreListen to regulated advice not ‘finfluencers’, says Baigrie
Consumers should seek regulated advice rather than listen to 'finfluncers' when making important financial decisions, according to LifeSearch chairman Tom Baigrie. Recent years have given rise to the 'finfluencer' - an influencer...
Read moreSunak’s cost of living crisis failure could prompt delayed or cancelled cover, advisers warn
Protection insurance planning could come under greater scrutiny from customers as a result of chancellor Rishi Sunak's failure to properly address the country's cost of living crisis, advisers have warned. They also...
Read moreChancellor under fire for omitting PMI tax break
The chancellor should have used his Spring Statement address to incentivise private medical insurance to tackle record NHS wait times, according to David Middleton, chairman of the Association of Medical Insurers and...
Read morePrivate health industry warned against greenwashing as net zero targets set
The private healthcare industry has been warned that it must avoid greenwashing as it becomes more aware of carbon reduction targets and the need to become more environmentally responsible. Law firm Hill...
Read morePrivate patient numbers up 21% as first serious injury data published
The Private Healthcare Information Network (PHIN) has added data about serious injuries caused during treatment at private hospitals to its regularly published statistics. Figures from PHIN also showed that 156,000 more patients...
Read more‘Targets and transparent reporting are critical to progress’ – How insurers are meeting Women in Finance Charter objectives
Diverse recruitment panels, focusing on personal and leadership development and championing senior female role models are just some of the ways insurance sector signatories to the Women in Finance charter are seeking...
Read moreFinancial services industry cheers government u-turn to regulate online scam ads
The government has bowed to a mass of pressure from regulators, insurers, charities, consumer groups and other public bodies by making major changes to its Online Safety Bill to include the regulation...
Read moreThe London Clinic reprimanded for not disclosing consultant referral payments
Private hospital The London Clinic has been reprimanded by the competition regulator for failing to publish payments made to referring part-time consultants for six and a half years. Instead, between April 2015...
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