Protection
FCA authorises 26 funeral plan providers as cold calling and commission ban starts
The Financial Conduct Authority (FCA) has named the 26 funeral plan providers that it has authorised as it takes over regulation of the market from today. These firms hold approximately 1.6 million...
Read moreMAB takes ‘important step’ with majority stake in protection advice firm Vita
Mortgage Advice Bureau (MAB) has taken a majority ownership stake in protection advice firm Vita Financial as it seeks to expand in the protection insurance market. The network said it increased its...
Read moreMPs call for menopause ambassador to report on poor employer support
MPs are calling on government to appoint a menopause ambassador who would report every six months on "particularly poor" employer practices in supporting menopausal women. The recommendation features in a cross-party House...
Read moreMüdd: Pressure on insurers and advisers to show ‘fair value’ of loaded premiums
The Financial Conduct Authority's (FCA) failure to explicitly ban loaded premiums under its Consumer Duty means the pressure is on insurers and distributors to justify continuing the controversial practice, according to St...
Read moreScottish Widows protection sales up 50%
Scottish Widows has seen new protection business rise 50% year-on-year and an increase in market share, according to its half-year 2022 results. The results reveal the insurer saw new protection business grow...
Read moreAdvisers must tell FCA if they see other firms not meeting Consumer Duty
Advisers are required to tell the the Financial Conduct Authority (FCA) if they witness other firms in the distribution chain who are not meeting its incoming Consumer Duty, the regulator has announced....
Read moreGroup risk, health insurance and employee benefits not covered by Consumer Duty
The provision and servicing of group risk, group health insurance and other workplace benefit schemes is not covered by Consumer Duty rules, the Financial Conduct Authority (FCA) has confirmed. However small and...
Read moreFCA toughens senior manager oversight of Consumer Duty and plans implementation review
The Financial Conduct Authority (FCA) is already planning for a post-implementation review of its Consumer Duty and has strengthened oversight demands on senior people within firms. The regulator said the review would...
Read moreIndustry argued nine-month Consumer Duty timetable was ‘overly short’ and did not match equivalent policies
The Financial Conduct Authority's (FCA) decision to extend the implementation period of its Consumer Duty followed concerns raised by industry respondents who claimed the original timetable was "highly challenging" and "overly short"....
Read moreFCA’s ten expectations of firms under the Consumer Duty
As part of it’s incoming Consumer Duty the Financial Conduct Authority (FCA) has set out ten expectations of how firms should act to ensure they are complying with the new rules. These...
Read moreHAVE YOU READ?
MOST POPULAR
-
Bupa and Spire agreement targets cancer, MSK and gynaecological outcomes
-
HealthHero on ‘growth trajectory’ despite doubts on ability to continue as going concern
-
Punch bags, ‘slinging some tin’, hitting the gym and dog walking among key stress busters
-
Reframe Cancer appoints BW Consulting to help expand adviser distribution
-
Award winner’s profile: Rhys Schofield on being better than a meerkat
