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News items | 01 May 2011
The FSA has published Consultative Paper 11/08 which contains changes to the Retail Mediation Activities Return (RMAR) and complaints data. It will be of interest to both advisers and providers active in the retail investment and corporate pensions markets. During 2010, FSA undertook extensi...
News items | 01 Apr 2011
The Financial Services Compensation Scheme (FSCS) has now confirmed its levy for the 2011-12 financial year as being £217m. This figure includes an increased levy for the insurance intermediary sub-class up from £61m last year to £69.5m. The FSCS said the volume of payment protection insuranc...
News items | 01 Apr 2011
The ABI has warned that proposals from the Solicitors Regulation Authority (SRA) to reform the market for solicitors' professional indemnity insurance are inadequate and will only worsen already fragile fears for the future of this market. The ABI claims that the SRA has failed to understand ...
News items | 01 Apr 2011
The ABI has warned that unless action is taken to curb the rising cost of settling personal injury claims, motor insurance premiums will continue to rise. This stark warning comes as figures released last week by the AA show that the average motor insurance premium has risen 40% over the last...
News items | 01 Mar 2011
Responding to the publication of the House of Commons Transport Committee report into the cost of motor insurance, Nick Starling, Director of General Insurance and Health at the ABI, said:
News items | 01 Feb 2011
Insurers and retailers will do more to help consumers understand the benefits and exclusions of extended warranties, Guaranteed Asset Protection ( GAP) insurance and service contracts, following the publication of a new Good Practice Guidance for Providers. The voluntary guidance sets out exa...
News items | 01 Feb 2011
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Technical articles | 01 Feb 2011
This is the response by the Chartered Insurance Institute to  FSA CP10/28 on the Mortgage Market Review Distribution & Disclosure We welcome the FSA's present focus on distribution and disclosure issues. Generally we take the view that enhanced professional conduct of all mort...
Technical articles | 01 Dec 2010
What exactly is a managing general agent? According to some, managing general agents (MGA) are neither fish nor fowl, neither broker nor insurer. However, they certainly have their own unique place in the insurance world: they call themselves the 'third force' and they underwrite on behalf ...
 

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