by Joanne Backshall | Apr 16, 2025 | Authorisations, Brokers, Compliance, Consumer Duty, Culture, Digital, Fair value, FCA, FCA Plan, Financial Crime, Governance, Insurers, Lloyd's, Operational Resilience, Operations, Pricing, Product Governance, Senior Managers and Certification Regime, Vulnerable customers
The Financial Conduct Authority (FCA) has unveiled its Annual Work Programme for 2025–26, the new name for what was previously referred to as the ‘Business Plan’. The document sets out the new actions the FCA proposes to take, and the existing work it intends to...
by Joanne Backshall | Mar 27, 2025 | Authorisations, Brokers, Compliance, Consumer Duty, Culture, Fair value, FCA, FCA Plan, Financial Crime, Governance, Insurers, Lloyd's, Operations, Pricing, Product Governance, Senior Managers and Certification Regime, Vulnerable customers
The Financial Conduct Authority (FCA) launched its 2025-2030 strategy on 25th March, outlining a roadmap to enhance its regulatory effectiveness, ease the regulatory burden on firms and support the growth of the UK financial services sector. With Nikhil Rathi’s first...
by Claire King | Jan 14, 2025 | Actuarial, Authorisations, Compliance, Enterprise Risk Management, Insurers, Operational Resilience, Prudential Regulation Authority, Risk, Solvency
In a letter dated 9th January 2025 from Gareth Truran (Executive Director, Insurance Supervision) and Shoib Khan (Director, Insurance Supervision), the PRA has set out its insurance supervision priorities for 2025. Those who have long memories may observe that the...
by Palak Bedi | Mar 8, 2023 | Authorisations, Brexit
The political and practical ramifications of Brexit continue to evolve, with EIOPA putting the solutions adopted by many firms back in the spotlight recently when it issued its “Supervisory Statement on the use of governance arrangements in third countries to perform...
by Kenneth Underhill | Apr 26, 2022 | Authorisations, Compliance, Insurers, Lloyd's, Operations, Prudential Regulation Authority, Risk
Last week, the PRA published their annual Business Plan and proposals for the regulated fees and levies. It is a year that will likely see some significant challenges for the regulator and regulated firms with the Future Regulatory Framework proposals currently being...
by Kenneth Underhill | Mar 15, 2022 | Authorisations, FCA, Operations, Prudential Regulation Authority
Report Contents Introduction Governance Capital Underwriting Reinsurance Claims Actuarial Risk Compliance Internal Audit IT Corporate Additional Changes Summary Introduction There is a trend for MGAs to look at changing from an MGA model into a full insurer. Our...
