Multi-occupancy residential buildings insurance – a long-standing issue under current scrutiny
Following the Government’s request for an investigation to focus on premium increases and market competition, the FCA has set out a range of recommendations in an interim report designed to provide leaseholders with greater protection from high prices and to…
The FCA sets out to reform multi-occupancy buildings insurance
The FCA has set out a range of recommendations designed to provide leaseholders with greater protection from high prices and to ensure the multi-occupancy buildings insurance market operates more effectively. It has published a brief web page, in addition to…
The FCA sets out its required improvements to the AR regime
Appointed Representatives are not regulated by the FCA, so it is Principal firms’ responsibility to ensure that their ARs comply with the rules. The FCA has said that, whilst some Principal firms do this effectively, many do not have adequate oversight of…
The FCA’s new Consumer Duty – a high level overview, what this means for firms, and suggested actions
On 27th July 2022 the FCA published the final rules and guidance for its flagship Consumer Duty. In this Hot TopICS we take a high-level look at what the new regulation means for you and your firm and outline some insurance sector-specific priorities and…
Improving the Appointed Representatives Regime Consultation Paper CP21/34
The Financial Conduct Authority (FCA) has confirmed new rules to make authorised firms more responsible for their Appointed Representatives (ARs) and Introducer Appointed Representatives (IARs). The new rules are effective from 8th December 2022 and are…
The FCA delivers a message to insurance brokers
John King is a former manager at the FCA, with 16 years of experience of working in insurance supervision and with enforcement. John works with ICS, and he has provided his insight on the speech given by Sheldon Mills, the FCA’s Executive Director, Consumers…