Group Risk

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...

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...

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...

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...

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...

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...

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...

Legal & General has entered into an exclusive partnership with Fruitful Insights to gauge the costs associated with impaired wellbeing and productivity and the factors underpinning these losses. Based on this intelligence, intermediaries...

Protection claims payouts hit a new record in 2021, according to data from the Association of British Insurers (ABI) and Group Risk Development (Grid). The data reveals £6.8bn was paid out in...

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...