Regulation

KPMG has called on insurers to scrutinise draft Solvency II guidelines published by the European Insurance and Occupational Pensions Authority yesterday as they are broader in scope than the first technical standards released.

The Association of Professional Financial Advisers (APFA) has urged the regulator to re-consider reviewing the way it calculates the fees paid to it by advisers, after plans to overhaul the area were scrapped.

Technology giant's price comparison service being watched as part of wider review.

The Financial Conduct Authority (FCA) has made it a priority to help advisers innovate their business models to reach the middle market, chief executive Martin Wheatley said on Thursday.

Insurer Zurich welcomed the regulator's pledge to re-open the long-stop debate but suggested it should be looking at more options than just a 15-year liability period.

One fifth of insurance claimants consider their insurer has poor communication skills, according to research from EDM Group.

The official UK interest rate could settle at an average of 3% in a few years, the outgoing deputy governor of the Bank of England has predicted.

Almost two-thirds of advice firm owners would sell up early for the right price, a poll has found.

Executives at insurance companies will be held as accountable as senior bankers for the conduct and viability of their companies, Bank of England (BoE) governor Mark Carney has announced.

Over a third (35%) of insurance intermediaries expects the problem of fraud facing the industry to become worse over the next three to five years, according to research.