InSure — April 2014: general — the FCA Risk Outlook and Business Plan; Flood Re cover; and more
The FCA Risk Outlook and Business Plan 2014–15
The Financial Conduct Authority (FCA) published its Risk Outlook on 31 March, which sets out the FCA’s approach to assessing risks to its objectives and how these risks may affect financial markets. Based on this review, the FCA intends to focus on the following areas that are of relevance to the insurance industry:
- Technological developments (how these may outstrip firms’ investment, consumer capabilities and regulatory response)
- How poor culture and controls may threaten market integrity
- How large back-books may lead firms to act against their existing customers’ best interests
- Terms and conditions that may be excessively complex
Firms are expected to reflect the above risks in their own current or future business plans and strategies…
Click on the link below to read the rest of the Addleshaw Goddard briefing.
News from Addleshaw Goddard
News from The Lawyer
Briefings from Addleshaw Goddard
Addleshaw Goddard has released the July 2014 issue of its InVest publication.
InSure — July 2014: FCA review into insurance price-comparison websites; Insurance Bill introduced; and more
Addleshaw Goddard has published the July 2014 issue of its InSure publication.
Analysis from The Lawyer
Could Slater & Gordon achieve its stated aim of becoming a top consumer brand by acquiring Pannone?
The past five years have not been easy for Addleshaw Goddard. The firm’s revenue fell 7 per cent from £173.1m to £161.9m between 2008/09 and 2010/11 and despite finances looking up in 2011/12, when Addleshaws reported a 30 per cent increase in net profit, it has shown no notable compound growth in turnover since 2007/08.