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FSA

PMI

OFT passes just one PMI complaint to FSA

Only one complaint about the structure of private medical insurance (PMI) contracts has been forwarded to the FSA by the Office of Fair Trading (OFT), COVER has learned.

clock 03 August 2011 • 2 min read

Regulation

Regulation provides 'major barrier' to insurance sales - BSA

The Building Societies Association (BSA) believes regulatory intervention has provided a major barrier to insurance purchases and that the FSA's approach is "pretty flawed".

clock 29 July 2011 • 2 min read

uncategorised

Interview - Mark Myers

The modest-sized British Friendly has giant plans for the IP market. Its CEO Mark Myers reveals all to Paul Robertson

clock 19 July 2011 • 7 min read

Adviser / Broking

Waller: we cannot rule out RDR read-across to protection

A 'read-across' of the retail distribution review (RDR) to the protection space remains a possibility and intermediaries must continue to lobby hard to prevent it, an industry consultant said.

clock 14 July 2011 • 2 min read

Adviser / Broking

Firms must review Holloway plans annually to satisfy RDR exemption

The Financial Services Authority (FSA) has clarified the conditions firms need to meet to qualify for an exemption from the Retail Distribution Review's (RDR's) adviser charging and professionalism requirements when selling income protection products...

clock 27 June 2011 • 1 min read

Regulation

Simple Products: The virtues of simplicity

Are we simply opposed to simple products? Nick Jones investigates the simplicity minefield.

clock 21 June 2011 • 7 min read

Regulation

FOS warns industry 'addicted' to mis-selling

The Financial Ombudsman Service (FOS) has hit out at the FSA for not intervening to tackle the Payment Protection Insurance (PPI) problem sooner and criticised the industry for being addicted to regular mis-selling scandals.

clock 20 June 2011 • 2 min read

Regulation

Biba presents 7000 strong FSCS petition to Parliament

The British Insurance Brokers' Association (Biba) has presented a petition of nearly 7000 member signatures to Parliament demanding the acceleration of the review into the funding of the Financial Services Compensation Scheme (FSCS).

clock 13 June 2011 • 2 min read

Service

FSA grants banks extension on PPI complaints

The FSA has agreed to temporary arrangements for Barclays, Lloyds Banking Group and RBS to handle Payment Protection Insurance (PPI) complaints.

clock 13 June 2011 • 1 min read

Regulation

BBA abandons PPI challenge

The British Bankers' Association (BBA) has drawn a line under its legal fight to avoid PPI mis-selling payouts.

clock 09 May 2011 • 1 min read
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