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Archive
FCA issues update in relation to PS 20/3: signposting to travel insurance for consumers with medical conditions
Link(s): https://www.fca.org.uk/publications/policy-statements/ps20-3-signposting-travel-insurance-consumers-medical-conditions https://www.fca.org.uk/publication/policy/ps20-03.pdf Context The FCA has issued an update on its website in relation to Policy Statement PS...
FCA confirms that East West Insurance Company Limited has entered administration
Link(s): https://www.fca.org.uk/news/news-stories/east-west-insurance-company-limited-enters-administration Context The FCA has confirmed that insurance firm East West was placed into administration on 12 October 2020. Richard Barker and Simon Edel, both of Ernst...
FCA Speech: Regulation of consumer credit – during the pandemic and beyond
Link(s): https://www.fca.org.uk/news/speeches/fca-regulation-consumer-credit-during-pandemic-and-beyond Context The FCA has published a speech given by Nisha Arora, Director of Consumer and Retail Policy, about regulation of consumer credit, during the pandemic and...
FCA issues ‘Dear CEO’ letter – adequate client money arrangements (general insurance intermediaries)
Link(s): https://www.fca.org.uk/publication/correspondence/dear-ceo-portfolio-letter-giis.pdf Context The FCA has issued a 'Dear CEO' letter to general insurance intermediaries. The letter highlights that firms must continue to safeguard the client money it holds for...
Updates on the Business Interruption Insurance test case
Link(s): https://www.fca.org.uk/firms/business-interruption-insurance https://www.fca.org.uk/firms/business-interruption-insurance#revisions https://www.fca.org.uk/publication/corporate/bi-insurance-test-case-draft-transcript-2-oct-hearing.pdf. Context The past week...
ICO launches consultation on draft Statutory Guidance
Link(s): https://ico.org.uk/about-the-ico/news-and-events/news-and-blogs/2020/10/ico-launches-consultation-on-draft-statutory-guidance/ https://ico.org.uk/about-the-ico/ico-and-stakeholder-consultations/ico-consultation-on-the-draft-statutory-guidance/ Context The...
Society of Insurance Broking/CII urges brokers to review public liability insurance policies
Link(s): https://www.cii.co.uk/news-insight/media/press-releases/articles/brokers-urged-to-check-public-liability-insurance-policies/95431 Context The Society of Insurance Broking has urged brokers to conduct a review of public liability insurance policies to...