SME
FOS commits to not applying Consumer Duty retrospectively
The Financial Ombudsman Service (FOS) has reassured firms that it will not apply the incoming Consumer Duty rules retrospectively. This is according to Simon Rawle, ombudsman leader at the FOS who was...
Read moreFears about Consumer Duty implementation speed have been ‘well heard’ – FCA
The Financial Conduct Authority (FCA) has said concerns raised by the industry about the speed of implementation of its incoming Consumer Duty have been “well heard”. While the regulator acknowledged many communications...
Read moreFCA argues Consumer Duty goes ‘significantly beyond TCF’ and warns insurance market ‘don’t put your feet up’
The Financial Conduct Authority (FCA) has defended its flagship Consumer Duty policy as going ‘significantly beyond’ Treating Customers Fairly (TCF) as it aims to create a culture shift within the industry. The...
Read moreVitality: Higher physical activity increases cancer survival chances
The level of a cancer sufferer's physical activity can have a direct, positive impact on their survival chances, according to data from Vitality. The insurer’s South African parent company Discovery analysed 88,000...
Read moreHealth and protection advisers escape FSCS levy hit as pool fund dropped
Advisers operating in the health and protection insurance and mortgage sectors have escaped the prospect of picking up the massive costs of failures in other parts of the financial services industry. In...
Read moreHealthcode appoints Aris as head of business development
Healthcode has appointed Richard Aris to the newly-created role of head of business development. Aris (pictured) will plan and direct Healthcode's sales and development activity and report to managing director, Peter Connor....
Read moreSimplyhealth makes ‘significant’ investment in Ampersand
Health and dental plan provider Simplyhealth has invested a "significant" sum in Ampersand, a provider of digital therapies for inflammatory conditions. The firm said the investment will help accelerate the adoption of...
Read moreRegulators developing metrics to monitor burden on industry
Regulators from across the spectrum have agreed to develop metrics to measure the regulatory burden on the financial services industry. The move comes after leaders and senior representatives from the Financial Conduct...
Read moreOneglobal Broking appoints Colombia and Ecuador country manager
Oneglobal Broking has appointed Luis Miguel Galvis as country manager for Colombia and Ecuador. Galvis was previously head of financial lines and surety at Howden Re in Colombia. Prior to this, he...
Read moreFCA slams crypto sector, says FSCS should not cover losses and urges government to learn from pension freedoms failure
The Financial Conduct Authority (FCA) has said it does not believe the financial services industry should have to take on the costs of failures from firms promoting cryptocurrencies and assets. It also...
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ABI rejects peer’s call for minimum policy standards on comparison websites
