The FCA is looking to undertake a cleansing exercise as part of their shift towards their new data collections platform: RegData. Bruce Fayle and Grant Scott look at the implications for Principals and Appointed Representatives.
Insurance Compliance
FCA Issues Guidance on the Fair Treatment of Vulnerable Customers
The FCA has published new guidance on the fair treatment of vulnerable customers. How should firms adapt their working practices to recognise and respond appropriately to the characteristics of vulnerability?
The Effect of Covid-19 on Customer Vulnerability
The Covid-19 pandemic has had an obvious effect on the day-to-day lives of everyone in the UK. Many households have seen considerable changes in circumstances; experiencing major life events and/or a significant reduction in their household income. How have these factors contributed to increasing customer vulnerability?
Interpreting Commission Disclosure Rules
The FCA has banned commission models that give motor finance brokers or dealers incentives to increase customers’ finance costs. New rules came into force on 28 January 2021 to ensure credit brokers provide consumers with more relevant information about commission. How do these rules affect brokers?
What does the Supreme Court’s Business Interruption Ruling Mean for Insurance Brokers?
The Supreme Court’s recent ruling into Business Interruption Insurance and Covid-19 has had a wide impact on the insurance industry. RWA’s Managing Director Ash Patel explores in detail what brokers need to do in light of the judgment.
Professional Indemnity Insurance, Covid-19 and the Regulatory Expectation
Covid-19 has seen insurance brokers encountering difficulties in renewing their Professional Indemnity Insurance. Ash Patel explores the regulatory imperative for firms to have appropriate PII cover in place.
General Insurance Pricing Practices Consultation Closes
The FCA’s consultation on General Insurance Pricing Practices has closed. Kirk Ford looks ahead to the next steps and what this may mean for insurance brokers.
Supreme Court Rules in Covid-19 Business Interruption Test Case
The Supreme Court has ruled in the Covid-19 Business Interruption test case. The decision provides definitive guidance on the operation of business interruption insurance policies. What does this mean for insurance brokers?
IDD – Keeping up with your CPD requirements
Kay Godwin explores how e-learning allows firms and individuals to meet regulatory CPD requirements during the global pandemic.
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