Cobra Network Compliance

Consultation on rule changes to replace EU repealed law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...

Consumer Pricing Policy Update

To support the new pricing rules that came into effect on 1st January 2022, Cobra Network has uploaded a Consumer Pricing Policy template to our compliance template suite. The template will need to be...

FCA Return – General Insurance Value Measures Reporting

REP019 – FCA Return - General Insurance Value Measures Reporting   (FCA Handbook SUP 16) The value measures return has been added into All Brokers RegData schedule and is due to be submitted by 28th F...

Cobra Compliance: Appointed Representative Survey

The FCA have sent out a survey to firms who have ARs and IARs that must be completed by mid-December. Reviewing the use of ARs has been a priority for the FCA for some time. Back in 2016 the FCA found...