FSA fines Alliance and Leicester £7m for misselling Loan Protection
Alliance & Leicester has been hit with a record fine by the FSA of £7 million for serious failings in its telephone sales of Loan Payment Protection Insurance. For three years from January 2005 to...
View ArticleFSA orders GBP 60 Million Mortgage Protection Insurance Repayments
More than a million UK householders are to get refunds on their recent mortgage protection insurance monthly payments, after the City watchdog, the FSA, forced PPI providers including giant firms such...
View ArticleUK Insurance Regulation Is Changing The Face Of The Market
In 2005, two years before the credit crunch, the British government imposed far reaching financial and structural controls over the UK Insurance Market by bringing the sale of General Insurance into...
View ArticleNew look Insurance blog for a New Look Parliament
At last we are back with a new look insurance blog in the week that Black Rod smashed his way into the House of Lords with a new look Government that might actually put him out of a job if the Queen...
View ArticleUK Government CON DEM The FSA Insurance Regulator
The Coalition UK Government led by the right wing Conservative party, have fired their first major shot in the destruction of the Bureaucratic State with the announcement last night of the abolition of...
View ArticleInsurance Brokers Pay for UK Banks PPI Claims
It’s that time of year again when UK Insurance Brokers and Intermediaries are asked to pay their annual membership fees for the soon to be defunct, Financial Services Authority (The FSA). Reading...
View ArticleInsurance Industry reacts to ‘immoral’ claims farmers:
Ever since they first began appearing from murky corners of the industry back in the late nineties, ambulance chasers have never been particularly good at making friends. The thorny issue of claims...
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UK Insurance and US Insurance Regulatory Bodies Swap Notes!
FSA HEARTS FINRA The FSA and their American cousins the US Financial Industry Regulatory Authority (FINRA) have taken an unprecedented step of entering an agreement to work more closely together....
View ArticleInsurance company failures predicted as Euro Solvency rules are applied
QIS5 set to see an increase in Insurer failure rates: As final implementation of Solvency II looms ever closer, more and more industry experts are now predicting a complicated and worrying time for a...
View ArticleThe Bad Boys of Insurance
The UK Insurance industry watchdog the FSA has been very busy in it’s final year of existence before it is replaced by another quango, and has published figures of which firms are the most complained...
View ArticleFSA To Clampdown On Insurance Selling On The Internet In The UK
The FSA may well have the axe hanging over it’s head, be over-populated by a bunch of pen pushers and bureaucrats, culpable for the restriction in insurance products and markets available and be...
View ArticleMortgage Companies Attempt To Avoid New PPI Misselling Rules
The availability of mortgages at all levels is essential to kick-start the failing housing market and the industries that rely upon this, from construction to those selling white goods or home...
View ArticleShadow Banks Not Banks To Blame For UK Economic Crisis says FSA
Lord Turner, Head of the Government owned, insurance broker subsidised UK financial services authority the FSA, has been busy espousing his thoughts on the current economic crisis and apparently the...
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Mis Sold PPI? Claims Could Reach Titanic Proportions
PPI Claims To Date Are Only The Tip Of The Iceberg Despite the banks and others who missold payment protection insurance (PPI) being forced to pay out over £2 billion to date, it appears from the...
View ArticleInsurance Companies Should Support Barclays Shareholders Bonus Demands
Regular readers of Insurance Blog will know that we are not fans of Banc-assurance, indeed if it was mandatory you’d find us voting for UKIP in next months local elections! The whole concept of...
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