The Chartered Insurance Institute (CII) has appointed Melissa Collett as its new Professional Standards Director, leading its professional standards, ethics and conduct activity as a united profession.
Collett brings significant insurance and legal experience having spent over a decade at the Financial Ombudsman Service, as a director at Fairer Finance and as a Tribunal Judge. She said: "I am really looking forward to joining the CII. As its strapline suggests, standards, professionalism and trust are at the heart of what the CII does and I'm committed to supporting them achieve this." Sian Fisher, Chief Executive Officer of the CII said: "I'm delighted to welcome Melissa to my Executive...
The Financial Ombudsman Service (FOS) will maintain its current funding model for the next financial year despite recognising it is unsustainable in its current form.
The FCA has confirmed that, while businesses will have to identify certified staff from day one under the Senior Managers & Certification Regime (SM&CR), they will have a year to complete fitness and propriety assessments.
Scott Cadger runs through the four most common reasons people give for not taking out critical illness cover - and some suggestions on how advisers can offer reassurance on each in conversations with clients
The Financial Ombudsman Service (FOS) has sought to provide clarity regarding any potential confusion over the products advisers should recommend to clients to cover a decreasing loan or mortgage.