Regulatory Updates

In this third of three Hot TopICS for January, we set out the FCA’s four Consumer Duty focus areas for January to March 2025, published on 9th December 2024. Affected stakeholders will largely be aware of these initiatives, but the FCA has produced this…

In this second of three Hot TopICS for January, we set out the FCA’s ‘good practice and areas for improvement’ findings, published on 11th December 2024, following its review into firms’ approaches to complaints and root cause analysis. Understanding and…

This is the first of three Hot TopICS for January 2025, looking at the FCA’s December 2024 commentary on Consumer Duty Board reports, complaints and root cause analysis, and its Consumer Duty focus for January to March 2025. In this Hot TopICS, we will set…

Premium financing involves lending funds to cover the cost of an insurance premium. This service is typically provided by third-party finance companies or the insurers themselves. Insurance intermediaries also offer it. The loan arrangement can last typically…

In June this year, the compliance team at the British Insurance Brokers’ Association (BIBA) was approached by the FCA to raise awareness of the Regulator’s concerns in relation to non-admitted insurers. BIBA subsequently published a guide for its members…

Having tested and reviewed how well Principal firms have embedded the requirements of the enhanced Appointed Representatives (ARs) regime, the FCA has set out good practice and areas for improvement to help Principal firms effectively oversee and monitor their…