Individual
Consumer 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 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 moreBupa adds 150,000 customers, reorganises IPMI business and ups premiums
Bupa has added 150,000 customers across UK its private medical insurance (PMI), health trusts, dental and cash plans products in 2022. Meanwhile the Bupa Global international PMI business has returned to profitability...
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 moreMilliman and Turquoise Health combine to analyse health price transparency data
US global consulting and actuarial firm Milliman has agreed a strategic alliance with price transparency platform Turquoise Health. The firms said they are working together to harness newly published price transparency data...
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 moreReid joins advice firm Sherwood Healthcare as non-exec director
Marcia Reid has been appointed non-executive director at independent specialist adviser Sherwood Healthcare. Reid (pictured) completed a fixed term contract at Partners& as managing partner for wellbeing, engagement and benefits in May....
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...
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