Regulation

Former HBOS chief executive Sir James Crosby is to give up his knighthood and a third of his pension, according to reports.

The Consumer Insurance Act has been heralded as simply codifying current best practice within the insurance market. This does not reflect the fundamental change to pre-contract disclosure brought about by this legislation, abolishing the consumer's duty...

The Financial Conduct Authority (FCA) plans to use the element of financial penalties it retains after passing cash to the Treasury to lessen fees across those it regulates.

The new City watchdog was last night fighting to defend its chairman amid accusations he enabled HBOS to pursue its reckless lending strategy.

Business secretary Vince Cale is pushing forward on plans to ban three former HBOS directors from acting as company directors.

Advisers have reported confidence post-RDR and a boost to business from increased protection income streams.

Claims management firms fight back on CMCs

An insurance regulation expert has said the newly-formed regulator looks set to "speedily chuck out" failed industry individuals, following the HBOS report condemnation of the FSA's slow enforcement action.

Employers and their staff could face more questions and demands for greater workforce information from insurers when taking out new policies or schemes in light of the new Consumer Insurance Act, insurers are warning.

Regulators have fined companies and top bosses about £1bn for fraudulent activities since 2007, a report due out today has found.