Compliance & Regulation
Serial health insurance fraudster jailed after using grandmother’s account to pocket £24k from 130 false cash plan claims
A serial health insurance fraudster has been jailed for a year after submitting more than 130 claims worth £24,000 to multiple insurers under nine different names that seemingly targeted cash plan providers....
Read moreConsumer Duty did not explicitly ban loaded premiums, but it may as well have – Müdd
I have heard the Financial Conduct Authority’s (FCA) Consumer Duty described in many ways. This ranges from “unnecessary meddling”, to which I do not subscribe, to the “Retail Distribution Review mark II...
Read moreUS, Australia and Singapore taking interest in FCA’s Consumer Duty – Mills
The US, Australia and Singapore have taken a keen interest in the Financial Conduct Authority's development of its Consumer Duty. The revelation came from Sheldon Mills, executive director for consumers and competition...
Read moreBank of England predicts 13% inflation and year-long recession
The Bank of England is predicting UK inflation will hit just over 13% in the fourth quarter of the year which will coincide with the country entering a year-long recession. In a...
Read moreFCA expects AR regime to cost firms £7.6m per year
The Financial Conduct Authority (FCA) expects implementing its appointed representative (AR) regime overhaul to cost the financial services sector around £7.6m per year. It anticipates larger firms taking the highest expense with...
Read moreFCA requires firms to investigate and report AR history
Principal firms must investigate the history of their appointed representatives (AR) including other principal firms they worked for and why their previous relationship came to an end. The requirements are being introduced...
Read moreFCA halves AR appointment notice time and ditches further Register data
The Financial Conduct Authority (FCA) is halving the notice period firms will need to give it ahead of engaging an appointed representative (AR) along with making several other changes to its incoming...
Read moreFCA rejects pleas for year-long AR regime change with four-month deadline
The Financial Conduct Authority (FCA) has rejected calls from firms for a 12-month implementation period for its new regime for appointed representatives (AR). The regulator revealed firms have until 8 December to...
Read moreCMA increases oversight and criticises private healthcare providers for delays to publishing fee and outcome data
The Competition and Markets Authority (CMA) has rebuked the private healthcare sector for its slow compliance with requirements to publish transparency data about fees and outcomes to help inform patients. It also...
Read more‘Step-change’ needed as private healthcare ‘long way’ off data compliance – PHIN
The private healthcare sector has been told to up its game on data quality as it is a "long way" off full compliance with the Competition and Markets Authority (CMA) private healthcare...
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Laura Mitchell leaves Guardian
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Vitality adds anytime remote GP consultations, dynamic pricing and broadens Boots agreement
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Closing protection gap requires products tailored to young people – Capgemini
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Simplyhealth offers members prescription treatment without an appointment
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Reframe Cancer promotes Thomson and Cannon as Young departs
