Insurance Brokers

This article is the second of a two-part series exploring the FCA’s proposed new Consumer Credit Regulatory Return CR009 and will focus on what the enhanced reporting requirements proposals mean for credit broking firms and the data the FCA proposes to collect.

Soft skills are increasingly important for recruiting new talent in the workplace. This article explores the benefits of developing soft skills for both firms and employees. 

In this article, originally published by T&C News, Tom Wood, UKGI Compliance’s Head of Commercial, explores why firms should avoid taking a tick-box approach to compliance and training and the importance of working towards a holistic approach.

The Association of British Insurers’ (ABI) reveals its members contributed a record £18.5bn in tax to the UK’s public finances over the last financial year.

This article is the first of a two-part series exploring the FCA’s proposed new Consumer Credit Regulatory Return and will focus on the background, rationale, costs and benefits of the proposals. 

This article is the second of a two-part series. Last weeks’ article explored key findings from the FCA’ review in relation to firms’ self-assessments, annual reviews and their monitoring and oversight of ARs; this weeks’ article will explore the reviews findings in relation to firms’ approach to AR onboarding, termination and wind-down.

Lloyd’s of London has announced it is consulting on changing its by-laws to combat misconduct in the commercial insurance market in a continuing battle to dispel its long-standing reputation for sexual harassment and inappropriate behaviour by market participants.

Consumer group Which? has called for the Financial Conduct Authority (FCA) to step in following its recent report, which revealed that pay-monthly customers were still facing higher insurance costs. 

The FCA has published a review report noting that, whilst Principals’ oversight of ARs has improved, some firms are taking a “tick-box approach” to compliance with the rules and relying on basic information, such as website checks or self-declarations from their ARs, to demonstrate effective oversight.