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General Insurance pricing practices market study
We have published the final findings of our general insurance pricing practices market study. As part of this, we set out a package of remedies to address the concerns identified. -
Business interruption insurance test case: Defence of Ecclesiastical Insurance Office Plc and MS Amlin Underwriting Ltd [pdf]
The Defendants to the business interruption insurance test case have now served their Defences. These state each Defendant’s written case, in response to the FCA’s Particulars of Claim. This is the defence for Ecclesiastical Insurance Office Plc -
Our ‘Wholesale Debt Approach’
The wholesale debt approach (WDA) is a risk-focused method designed to review wholesale debt documents. See how we apply the WDA and any exemptions. -
FCA review of automatic renewal of fixed term bonds
We have completed one aspect of our work on automatic renewal, which looked into firms’ contract terms and practices regarding automatic renewal of fixed term bonds. -
Finalised Guidance: Coronavirus and customers in financial difficulty: additional guidance for insurance and premium firms [pdf]
This guidance (the October 2020 guidance) applies in the exceptional circumstances arising out of the coronavirus pandemic (Covid-19) and its impact on the financial situation of customers of insurance and premium finance involving regulated credit -
TR13/8 - The governance of unit-linked funds
Unit-linked funds are a type of pooled investment offered by insurance companies through their life or pension policies. -
Business interruption test case: Insurers joint submissions on common declarations [pdf]
This details the joint submissions of Arch, Argenta, Hiscox, MS Amlin, QBE and RSA in relation to common declarations. -
FCA announces plan to deliver significant redress to Woodford investors
Following an investigation by the FCA, Link Fund Solutions has agreed to provide, with a material contribution from its ultimate parent, Link Administration Holdings (Link Group), a significant redress payment to investors in the LF Woodford Equity -
Second Supervisory Notice 2020: Perry Prowse (Insurance Consultants) Ltd [pdf]
Second Supervisory Notice for Perry Prowse (Insurance Consultants) Ltd. -
Business interruption insurance test case: List of policies capable of responding to Covid-19 [pdf]
A list of policies capable of responding to Covid-19 in the business interruption insurance test case. -
AEC Master Broker (Clone of EEA authorised firm)
AEC Master Broker (Clone of EEA authorised firm) is not authorised or registered by the FCA but has been targeting people in the UK, claiming to be an authorised firm. Find out why you should be wary of dealing with this unauthorised firm and how to