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Bank 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 morePeppy offers gender-specific health services to Lockton clients
Digital health app Peppy has partnered with global insurance consultant Lockton to offer gender-specific health services for the employees of its UK-based clients. Through Peppy’s app, employees of Lockton clients can access...
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 morePunter Southall Aspire promotes Taylor to MD of employee benefits business
David Taylor has been promoted to managing director of Punter Southall Aspire's employee benefits business. Taylor (pictured) joined the firm back in February to lead its health and protection practice. He joined...
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 moreOnly quarter of employers offer emotional support and tailor benefits
Only one in four employers are offering emotional support such as counselling to employees, while a similarly small proportion of organisations tailor their benefits to specific workforce demographics, studies have found. Research...
Read moreRoyal London’s Ian Smart retires after four decades in the industry
Ian Smart is retiring after 38 years in the insurance industry – the majority of which has been at the heart of the intermediated protection market. Smart left his position as product...
Read moreUnderwriters need to be skilled statisticians and data analysts – CII
The underwriters of the future must become skilled statisticians and get to grips with emerging technologies if they are to meet the needs of both businesses and consumers. This is according to...
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