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Showing 132 to 141 of 161 search results for significant fine on insurance broker.

132. Fines

     Table of fines with links to further information.

133. FCA fines Yorkshire Building Society £4,135,600 for failings in dealing with customers in mortgage arrears

     Press Releases Published: 29/10/2014 Last modified: 29/10/2014
     FCA fines Yorkshire Building Society £4,135,600 for failings in dealing with customers in mortgage arrears. ... These failures led to significant delays in determining the most appropriate payment solutions.

134. FCA fines ED&F Man Capital Markets Ltd £17.2m for serious failings which enabled millions in illegitimate tax reclaims

     Press Releases Published: 05/06/2023 Last modified: 05/06/2023
     The FCA has fined ED&F Man Capital Markets Ltd (‘MCM’) £17,219,300 for serious failings in its oversight of cum-ex trading. These failings allowed MCM to collect fees for trading strategies designed to enable its clients to illegitimately

135. Former Swinton executives fined and banned from senior roles after insurance add-ons mis-selling

     Press Releases Published: 05/11/2014 Last modified: 29/11/2021
     The Financial Conduct Authority (FCA) has fined three former senior executives of Swinton Group Limited (Swinton) £928,000. The FCA’s action follows previous enforcement action taken against Swinton: in 2013 it was fined £7.4m after it adopted

136. Insurance firms failing to consider value of the products and services provided to consumers

     Press Releases Published: 10/04/2019 Last modified: 10/04/2019
     The Financial Conduct Authority (FCA) is warning General Insurance (GI) firms about manufacturing, sales and distribution approaches that can lead to customers purchasing inappropriate products, paying excessive prices or receiving poor service.

137. UBS fined £9.45m for failings in its sale of an AIG fund

     Press Releases Published: 12/02/2013 Last modified: 29/03/2013
     The Financial Services Authority (FSA) has fined UBS AG (UBS) for failures in the sale of the AIG Enhanced Variable Rate Fund (the Fund). These failures led to UBS customers being exposed to an unacceptable risk of an unsuitable sale of the Fund.

138. FCA fines The TJM Partnership Limited (in liquidation) £2 million for serious financial crime control failings in relation to cum-ex trading

     Press Releases Published: 15/07/2022 Last modified: 15/07/2022
     The FCA has fined The TJM Partnership Limited (in liquidation) £2,038,700 for failing to ensure it had effective systems and controls to identify and reduce the risk of financial crime and money laundering in its business. This is the third case

139. The drive for data in Non-Bank Financial Intermediation (NBFI)

     Speeches Published: 16/05/2023 Last modified: 16/05/2023
     Speech by Ashley Alder, FCA Chair, delivered at the Managed Funds Associations’ Global Summit

140. Claims handling lessons learned from business interruption insurance

     Multi-firm reviews Published: 04/10/2022 Last modified: 04/10/2022
     The FCA sets out the findings from its review assessing how firms handled Business Interruption (BI) insurance claims following the Supreme Court’s judgment on the BI test case, including examples of good practices and areas where firms have

141. Defined benefit pension transfers market data October 2018-March 2020

     Data Published: 18/01/2021 Last modified: 29/01/2021
     Defined benefit pension transfers market data October 2018-March 2020

142. Lloyds Banking Group fined £105m for serious LIBOR and other benchmark failings

     Press Releases Published: 28/07/2014 Last modified: 28/07/2014
     The firms were a significant beneficiary of financial assistance from the Bank of England through the SLS. ... On 15 May 2014, the FCA fined Martin Brokers (UK) Limited £630,000 for misconduct relating to LIBOR.