Regulation

The British Insurance Brokers Association (BIBA) has highlighted "inequality" in the current funding of the Financial Services Compensation Scheme FSCS).

The ABI has discounted fears of a pan European regulatory clash, as both the UK and the EU authorities overhaul their supervision of financial services.

Advisers will need to complete a minimum of 35 hours of relevant CPD each year, according to the FSA's latest Retail Distribution Review paper.

The FSA says it needs more time to consider the costs and benefits of introducing professional requirements for advisers selling pure protection.

The Financial Ombudsman Service (FOS) has highlighted examples of bad protection advice from complaints referred to it during the recession.

Long term care, mortgage and equity release qualifications could be reviewed by the FSA every three years to "ensure they remain up to date and relevant".

In the run up to the election, there are changes on the horizon for regulating insurance, particularly in the area of consumer protection.

Reaction to the FSA's consultation paper CP10/8 on pure protection sales by retail investment firms has been positive.

There is much of interest in the FSA releases today (26 march). The debate about fund manager rebates will get louder and continue for a couple of months. For those of us who are also interested in protection, the paper 10/8 (Pure protection sales by...

The FSA has abandoned the reading-across of RDR labelling to pure protection.