The Financial Conduct Authority (FCA) is reviewing its authorisation process to determine how it can better stop "bad actors" from re-entering the industry, it has said.
Speaking at the presentation of its business plan, the regulator's investment wholesale and specialist director of supervision, Megan Butler, said the FCA was aware of individuals moving from firm to firm as well as phoenixing firms. She said: "It's a concern the industry has and it's a concern we share. And it's one where we are gathering the best data we can and working with the industry to do that. It's very important we keep some of those individuals and firms out of business." Phoenixing...
Zurich has launched a 'selfie' app called FaceQuote which estimates how much life cover someone might need.
The official supplement of this year's COVER Excellence Awards is available to read now as an eBook.
Child cover within critical illness plans has assumed a far greater importance in recent years, writes CIExpert's Alan Lakey.
Holloway Friendly has widened its new online underwriting process allowing protection advisers to write both full and short term income protection business in minutes.