Cobra Network Compliance

REP025 Appointed Representative reporting guidance

In line with the Cobra Network guidance issued in December 2022, the Financial Conduct Authority (FCA) is collecting data on revenue and complaints from principal firms in respect of their Appointed R...

Multi-Occupancy Building Insurance

Following the Financial Conduct Authority’s (FCA) consultation on multi-occupancy buildings insurance, the FCA have now issued their policy statement and final rules. Attached is a summary of the poli...

FCA Regulatory Priorities 2023/2025

The Financial Conduct Authority (FCA) have released a Dear CEO letter giving firms insight into their concerns and advising firms of the areas they will be looking at over the next two years. Please c...

Consultation on rule changes to replace EU repealed law

The FCA have issued a consultation paper which is relevant to all firms involved in insurance activities. The FCA are asking for feedback on their proposals by 9 October 2023. Details of how to feedba...

Complaints

Handling complaints properly can provide a positive benefit as a complaint handled well could lead to a more satisfied client.  Clients who complain provide information that may be used to improve the...

The Consumer Understanding and Consumer Support Outcomes

The Consumer Duty comes into force for Insurance Intermediaries on 31 July 2023. The Consumer Duty is asking firms to look at the sale of the product or service from the Customers Perspective. The 4 O...

Consumer Duty

The Consumer Duty comes into force on 31 July 2023.  The intention behind the Consumer Duty is to fundamentally improve the way consumers are looked after by firms. It is a shift to outcomes-based reg...

Cobra Network Compliance: Insurance for multi-occupancy building / Summary of FCA report

Since the Grenfell tragedy, the topic of multi-occupancy and clad buildings has never been far from our minds and with insurers withdrawing from the market, cost of remediation work and increased insu...

Holding Money as Agent of the Insurer

As a firm, if you do not have permission to hold Client Money, you must check all your TOBAs to ensure that the firms you are placing business with are granting risk transfer. With Risk Transfer Money...