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EU minimum PII limits to be increased in October 2024
Brokers Ireland recently announced, following a review by EIOPA of the Harmonised Index of Consumer Prices (HICP) and a December 2023 European Commission Regulation amendment, that the minimum rate of Professional Indemnity Insurance (PII) that insurance…
Which? urges action on home and motor insurance instalment rates
In publishing the details of research it has conducted into the cost of insurance instalment facilities in the home and motor insurance markets, Which? is urging the FCA to publish a league table of the ‘best and worst’ providers (purely from an APR…
FCA publishes findings from its latest Financial Lives cost of living recontact survey
The FCA conducted the ‘Financial Lives cost of living (Jan 2024) recontact survey’ between 8th December 2023 and 28th January 2024 and, where possible, it compared the results to those from its January 2023 survey.
FCA publishes its fees and levies rates proposals for 2024/25
The FCA is consulting on the rates for the regulatory fees and levies for the financial year 1st April 2024 to 31st March 2025. The FCA’s Annual Funding Requirement and financial penalty rebate results in a proposed £719.6m in fees payable by regulated firms…
FCA publishes its latest update to its Perimeter Report
The FCA has updated its Perimeter Report, which continues to be published in the firm of an updated web page. It is difficult, therefore, to assess which elements of the Report are new.
FCA confirms widening of FOS fees reporting requirement
The FCA has published Handbook Notice 117 which, in Section 3, provides feedback to a number of Consultations. This Handbook Notice will serve, effectively, as the Policy Statements in relation to these Consultations. One particular impact to note is the…
