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News
FCA marks its own homework on insurance – and gives itself a six or seven
1+ week, 3+ day ago (463+ words) The UK's financial watchdog doesn't often put a number on its own performance. This week, giving evidence to peers, it did. Appearing before the House of Lords Financial Services Regulation Committee yesterday as part of its inquiry into regulation of the…...
FMA's add-on insurance review lands as commission scrutiny widens
3+ week, 2+ day ago (195+ words) By Camille Joyce Lisay The Financial Markets Authority has found insurers relying on intermediaries to sell add-on insurance and extended warranties lack oversight proportionate to the risks of commission-based distribution, a finding that lands just weeks after the regulator flagged…...