Compliance & Regulation
Treasury minister wants regulators on ‘front foot’ in digital age but ignores pleas over online scams
A senior Treasury minister has told the finance industry he wants UK regulators to be proactive when considering online risks, but did not discuss why the government is ignoring calls to ban...
Read moreFCA empowers senior managers to make interventions despite fairness worries
The Financial Conduct Authority (FCA) is transferring powers for some of its regulatory interventions down to senior managers within the organisation from the Regulatory Decisions Committee (RDC). It says doing so, which...
Read moreFCA highlights key hybrid working operational resilience risks firms must tackle
The Financial Conduct Authority (FCA) has praised how firms adapted to the pandemic but emphasised seven key points they must focus on as hybrid and other working models are growing in popularity....
Read moreEthnic and gender biases of medical devices being investigated
The UK government is launching an independent review into potential biases built into medical devices and how they affect patients of different genders and ethnicity. The Department for Health and Social Care...
Read moreMPs demand Sunak publish impact of social care cap changes
The chairman of the Treasury Select Committee of MPs has written to chancellor Rishi Sunak requesting more information on how the social care cap will affect households and individuals. Earlier this week,...
Read moreGovernment accused of picking poorest pensioners’ pockets with care cap change
The Conservative government has been accused of "picking the pockets" of the country's poorest pensioners following a change to its plans for the social care cap announced in September. It was originally...
Read moreCommission ‘bound to be’ on FCA radar and must be ‘right value’ – Aviva
Commission in the health and protection market is “bound to be” on the Financial Conduct Authority’s (FCA) radar and “must be the right value for customers”, Aviva has said. The insurer emphasised...
Read moreAdvisers urged to create social media policies and beware liability risks
The Chartered Insurance Institute (CII) has urged all businesses operating in the insurance sector to create a corporate social media policy for employees to refer too. It added that CII members were...
Read moreCarbon audits, adviser support, digital activity and reducing emissions are key focus as insurers prepare for net zero future – analysis
Talking to brokers, government and academia about sustainability, tackling emissions and increasing digital activity across their businesses are just some of the ways insurers are preparing for a net zero future. Earlier...
Read moreHealth and protection advisers dodge £61m FSCS levy hit but will be biggest bail out funders next year
Advisers working in the health and protection insurance markets have been given a reprieve from an additional £61m bill by the Financial Services Compensation Scheme (FSCS) this year, but will be the...
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