Latest by Andrew Price
PRA gold plates EU audit committee requirements for significant insurers
Is your audit committee PRA compliant? New PRA rules out this month require designated "significant" insurers to fill their audit committees solely with independent non-executive directors.
Read moreEIOPA recommendations to mobile phone insurance
The European Insurance and Occupational Pensions Authority's (EIOPA) recently published report on Consumer Protection Issues arising from the sale of Mobile Phone Insurance (MPI) makes a number of recommendations to address the gaps EIOPA found to exist between consumer expectations and European insurers' MPI products.
Read moreFCA prepares for Consumer Rights Act
The FCA last week removed much of its unfair contract terms guidance and a number of undertakings (mainly relating to the mortgage and investment sectors) from its unfair contract terms library, citing the need to update them in light of, amongst other things, the unfair contract terms provisions in the Consumer Rights Bill and the CMA's 2015 guidance consultation on those provisions.
Read moreFCA fines general insurer £8.4m for TCF and Conduct Risk failings
The FCA's latest enforcement action in the general insurance sector is a useful source of conduct risk guidance and a reminder that firms cannot delegate their regulatory responsibilities to outsourced service providers, not even to those that are themselves FCA authorised.
Read moreBroker conflicts: thematic review– what can we expect?
The FCA will on 27 May 2014 be publishing its findings from its thematic review of broker conflicts of interest and remuneration in the UK SME general insurance sector. We will report on the review as soon as possible after publication.
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