Regulation

The Office of Fair Trading (OFT) and the Financial Services Authority (FSA) will be meeting with insurers and protection industry individuals to provide clarity on recent short-term income protection product (STIP) final guidance.

European leaders are set to announce a long-term deal that would see the EU budget cut, in real terms, for the first time since the European Union was created.

The debate around increased transparency on insurance broker commission disclosure, proposed in the Insurance Mediation Directive II draft, is just a storm in a teacup, industry experts have said.

Panacea Adviser, a free online community for adviser firms, is calling for immediate action to overhaul the way in which the Financial Services Compensation Scheme (FSCS) is funded following yesterday's announcement of a £76m levy on investment intermediaries....

The Association of Medical Insurance Intermediaries (AMII) will be tackling the incoming Financial Conduct Authority's impact on the insurance industry at its next annual general meeting in March.

RBS has been fined a collective £391m for its role in the LIBOR scandal, with the FSA's investigation finding more than 200 "inappropriate" rate submissions.

The Financial Services Authority (FSA) has said it will "come down hard" on those firms who continue to flout its rules after its first round of thematic reviews this year.

The Financial Ombudsman Service (FOS) is currently upholding about 47% of all complaints, according to the FOS' own figures.

Incoming Bank of England (BoE) governor Mark Carney intends to place economic growth at the top of his priority list when he takes on his new role.

A protection and health insurance specialist is setting up a nationwide adviser network with a view to sweeping up IFAs who have not met the demands of RDR.