Regulation
325 whitepapers and resources
Regulation
The Insurance Act 2015 and Enterprise Act 2016 adaptation guide
The Insurance Act 2015 and Enterprise Act 2016 have prompted major change across the UK insurance market – the former having come into force in August 2016, the latter on 4th May 2017. Based on broker feedback, this guide provides a practical summary of surveyed concerns and potential solutions.
Background to the Insurance Distribution Directive
The EU’s Insurance Distribution Directive is designed to make it easier for firms to trade cross-border, create a level playing field and strengthen policyholder protection. This article provides an overview of the IDD and the implications for parties involved in the insurance distribution chain.
Snap general election freezes discount rate consultation discussions
The Ministry of Justice has advised that any external talks that would follow the ongoing Discount Rate Consultation will now be put on hold, pending the UK general election. This short article provides a brief summary of the latest developments.
Financial Services Compensation Scheme – Management Expenses Levy Limit 2017/18 – PS6/17
This policy statement provides feedback to responses to the PRA Consultation Paper 1/17 ’Financial Services Compensation Scheme – Management Expenses Levy Limit 2017/18’ (the CP) and final rules for the Financial Services Compensation Scheme (FSCS) Management Expenses Levy Limit (MELL) for 2017/18.
Payment protection insurance complaints: feedback on CP16/20 and final rules and guidance
This policy statement includes final rules and guidance on payment protection insurance (PPI) complaints. It completes the consultation process we began in consultation paper 15/39 and continued in consultation paper 16/20.
CII consultation response: Reviewing the funding of the Financial Services Compensation Scheme
In this consultation response, the CII provides feedback on the FCA’s review into funding of the Financial Services Compensation Scheme (FSCS).
Spotlight claims assistance: Ignore at your peril
Dissatisfaction over clarity during the claims process has been highlighted by the recent Financial Conduct Authority review. What can the industry do to make the system work better? Download this article to find out more.
Spotlight claims assistance: Providing claims support
For SMEs, the delays inherent in complex claims can mean coming perilously close to insolvency. What can brokers do to support them through the process? Download’s Post’s spotlight edition to find out more.
Review of general insurance intermediaries’ professional indemnity insurance
This report provides the findings from the FCA’s thematic review into general insurance intermediaries’ professional indemnity. The review was performed to evaluate the individual policies purchased by a sample of firms to assess whether they complied with the requirements in the FCA’s handbook.
Autumn Statement 2016 – How will it affect businesses?
All eyes were on Philip Hammond as he made his first Autumn Statement speech as Chancellor of the Exchequer in Theresa May’s post-Brexit government. This article takes a look at what some of the headline announcements mean for brokers and their business customers.