From 1 April 2019 two significant changes take effect:
- The jurisdiction of the FOS is extended to cover small and medium-sized enterprises, certain charities and trusts and personal guarantors; and
- The FOS award...more
On 19 February 2019, the European insurance regulator EIOPA released recommendations for the insurance sector, calling on national supervisory authorities (“NCAs“) in the EU27 to minimise the detriment to insurance...more
2/21/2019
/ Consumer Insurance Products ,
Cross-Border Transactions ,
EIOPA ,
EU ,
European Economic Area (EEA) ,
Financial Services Industry ,
Insurance Regulations ,
Member State ,
NCAs ,
No-Deal Brexit ,
Transitional Arrangements ,
UK ,
UK Brexit
On 19 February 2019, the European insurance regulator EIOPA released recommendations for the insurance sector, calling on national supervisory authorities (“NCAs“) in the EU27 to minimise the detriment to insurance...more
FCA publishes its Final Report for Wholesale Insurance Broker Market Study -
The FCA has published today its final Report in respect of its Market Study of the wholesale insurance broker market....more
2/20/2019
/ Competition ,
Conflicts of Interest ,
Consumer Insurance Products ,
Contract Terms ,
Disclosure Requirements ,
Financial Conduct Authority (FCA) ,
Insurance Brokers ,
Insurance Regulations ,
Reinsurance ,
Remuneration ,
UK
FCA publishes final guidance on regular premium PPI complaints and new consultation on mailing rules....more
11/13/2018
/ Consumer Complaint Management ,
Consumer Insurance Products ,
Disclosure Requirements ,
Final Guidance ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Insurance Regulations ,
Payment Protection Insurance ,
Sales Commissions ,
Transparency ,
UK
On 24 October 2018, the FCA published a report on the progress of its consumer communications campaign on PPI mis-selling (the “CCC”) and its supervision of the manner in which firms are handling PPI complaints....more
11/7/2018
/ Complaint Procedures ,
Conflicts of Interest ,
Consumer Credit Act ,
Consumer Insurance Products ,
Failure To Disclose ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Insurance Regulations ,
Ombudsman ,
Payment Protection Insurance ,
Sales Commissions ,
UK