InSure — July 2014: FCA review into insurance price-comparison websites; Insurance Bill introduced; and more
This month’s round-up of developments affecting the insurance industry sees the Financial Conduct Authority (FCA) publish a thematic review into insurance price-comparison websites; the Insurance Bill being introduced into UK Parliament; and the Chartered Insurance Institute (CII) publish guidance on whistleblowing.
- IAIS consults on draft application paper on supervisory colleges
- EIOPA follow up on PPI
- EIOPA speeches
- PRA speech on recent developments in prudential supervision of insurers
- ABI comments on solicitors professional indemnity insurance
- ABI responds to Transport Committee report on motor insurance
- ABI calls for further clarity for customers
- Guidelines on motor claims history declarations released
- ABI response to HM Treasury Freedom and choice in pensions announcement on the Guidance Guarantee
- CII guidance on whistleblowing
- FOS publishes ombudsman news issue 118
New legislation and consultations
- Government introduces new Insurance Bill
- EIOPA consultation: draft guidelines on LEI use
- IAIS issues second consultation on Basic Capital Requirements for Global Systemically Important Insurers
- Solvency II update
- EIOPA stress test and Q&A
- Corrigendum to Solvency II published
- EIOPA updates Q&As on submission of information to NCAs
- FCA thematic review into insurance price-comparison websites
- BIBA urges FCA to act on comparison website findings
- EBA publishes final draft RTS on minimum monetary amount of professional indemnity insurance
- Lloyd’s publishes minimum standards that align with Solvency II
- PRA policy statement on 2014-15 regulatory fees and levies
- Consistency required for over-the-counter derivatives rules
- Transfers of insurance business can take place between UK and Gibraltar insurers
- Lloyd’s agreement with US revenue authority on reporting of tax information under FATCA
Click on the link below to read the Addleshaw Goddard briefing.
News from Addleshaw Goddard
News from The Lawyer
Briefings from Addleshaw Goddard
The Court of Appeal in has considered the effect of a lease provision requiring a repeat guarantee as a condition of landlord’s consent on intragroup assignment.
Welcome to the latest edition of Addleshaw Goddard’s Employee Incentives Update, which contains a round-up of key developments in this area during August 2014.
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.