The FCA has fined Floris Jakobus Huisamen (a former director of LCF) £31,800 and banned him from working in financial services.
Banks and Brokers Next to be Questioned as Part of FCA Investigation into Handling of Non-Financial Misconduct
Banks and brokers should prepare to receive a survey from the FCA requesting data on non-financial misconduct as the regulator begins its investigation into how incidents are detected and handled in the financial services sector.
Insurers Agree to Pause Sales of GAP Over FCA Concerns
The FCA has announced that multiple insurance firms have agreed to suspend the sale of Guaranteed Asset Protection (GAP) insurance following a request from regulator.
The 2024 FCA and Practitioner Panel Survey Launched
The FCA and Practitioner Panel joint survey will be sent to a sample of regulated firms to gather feedback on how the industry is regulated.
FCA Responds to its Independent Panels’ Annual Reports
The FCA consults on its work with six independent statutory panels, which are integral to developing FCA policies and other regulatory decisions. Statutory panels represent the interests of consumers and practitioners, including smaller regulated firms and financial market participants. In responding to the annual reports of these six panels, the FCA has addressed some general themes.
Training and Competence (T&C) in 2024
In this article, Alastair Haughton discusses the challenges, considerations, and value of training in providing value to customers for the year ahead.
amii appoints UKGI as new compliance partner
The Association of Medical Insurers and Intermediaries (amii) have announced the appointment of UKGI as their compliance partner.
Taking Care with Cancellation Clauses
A recent arbitration case has highlighted the importance of insurance intermediaries understanding, and adhering to, contractual terms and conditions, particularly where policyholders pay for their insurance through premium finance or credit agreements.
FCA to investigate firms following non-financial misconduct and bullying claims
The FCA has announced that it will investigate banks, insurers and brokers on the frequency of sexual misconduct and bullying claims and the use of non-disclosure agreements (NDAs) to silence reports.