’s timetable is regularly updated to cover as many new developments as possible while also keeping an eye on events as they unfold. The first table is dedicated to the FSA’s agenda for consultations, discussion documents, thematic work or events of interest to insurers for the year ahead. A second table lists developments elsewhere in the UK, Europe and internationally.
After campaigning for concessions to the UK’s tax regime for several years, Brit Insurance has confirmed that redomiciling outside the UK is a very real option.
looks at how insurers are running out of patience with the promise of tax reform.
Law firm Herbert Smith says the Financial Services Authority (FSA) is under pressure from both consumers and the Treasury Committee to justify its position on inherited estates, but how far will it go?
Captive owners and insurers have formed a new association to reinforce their campaign against Solvency II proposals. The European Captive Insurance and Reinsurance Owners Association (ECIROA), a group of around 16 members across Europe, has..
Regulators should hold-off introducing new rules in response to the credit crunch and the current economic climate or risk impacting the growth of Europe’s financial services, says a new report by London Economics and published..
Legal & General says it is uncomfortable with the new solvency approach to annuities currently being tested under QIS 4 which it says would have a huge negative impact on its capital. The savings and..
▪ The timetable for the Financial Services
Authority’s Retail Distribution Review has been set back to allow new managing director of retail markets Jon Pain to contribute to the process. Mr Pain joins the FSA..
Five motor dealers, regulated to also sell insurance, have been fined a total of over £175,000 for breaches relating to the sale of Payment Protection Insurance (PPI). GK Group Ltd, George White Motors Ltd, Ringways..
Insurance broker Hastings Insurance Services has been fined £735,000 by the Financial Services Authority (FSA) which accused the firm of failing to treat its customers fairly after it cancelled over 4,500 car insurance policies which..
Two former directors of Lloyd’s managing agent Euclidian Underwriting, which entered run-off in 2004, have admitted charges of misconduct before Lloyd’s Enforcement Board. James Corrigan-Stuart and Andrew Willoughby have been banned from Lloyd’s and have..
Insurance adviser to the European Commission, Ceiops has begun work to develop consistent supervisory reviews and reporting requirements across Europe’s regulators under Solvency II. In a new issues paper, Ceiops proposes a framework that would..
The Comité Européen des Assurances (CEA) is throwing its weight behind proposals for a group support regime in insurance regulation and it has published a new document to address some of the concerns that have..
The US could adopt international financial reporting standards (IFRS) by 2014 under a new proposed roadmap that would replace US GAAP for the new accounting standard. The Securities and Exchange Commission (SEC) said it will..
The Financial Ombudsman Service (FOS) has clarified its position over additional awards to consumers found to have suffered distress, inconvenience or other non-financial loss at the hands of financial services firms. In a new technical..