Banks, Insurers Ordered to Report Sexism and Bullying Cases in Britain February 15, 2024 By Kirstin Ridley and Carolyn Cohn Britain’s markets watchdog has ordered more than 1,000 banks, insurers and brokerages to report how many sexual harassment, discrimination and...
UK Watchdog Proposes Toughening Safeguards Against Illegal Marketing on Social Media July 18, 2023 Britain’s financial watchdog on Monday proposed toughening up safeguards against the illegal marketing of financial products on social media by...
EU Sets Out Plans to Cut Price of Financial Products Offered by Banks, Insurers May 24, 2023 By Huw Jones The European Union set out plans on Wednesday to cut how much retail investors pay banks and insurers for financial...
Analysis – EU Power Battle Could Hamper Proposed Safeguards for Financial Products May 24, 2023 By Huw Jones European Union plans to increase protections for consumers of financial services are reigniting a long-simmering power battle between national and...
UK to Ban Cold Calls Selling Insurance and Crypto to Clamp Down on Fraud May 3, 2023 By Kitty Donaldson The UK is to set to ban cold calls that sell financial products including insurance and cryptocurrencies in an effort...
3 Australian Banks Settle Class Action Lawsuits Over Sale of Credit Insurance Products November 14, 2022 Three of Australia’s “big four” banks settled separate class action lawsuits for A$126 million ($84.51 million) with Slater & Gordon,...
UK Insurers, Banks Risk Fines Under New Reforms Unless They Put Customers First July 27, 2022 By William Shaw Financial firms may be fined and stripped of their regulatory authorization unless they put their customers’ needs first under far-reaching...
Financial Conduct Authority Fines JLT Specialty £7.8 million June 23, 2022 The Financial Conduct Authority (FCA) has levied a fine of £7,881,700 against insurance broker JLT Specialty Ltd. for financial crime...
UK Personal Lines Insurers Adjust to New Pricing Rules. Is Premium Volatility Ahead? January 6, 2022 By L.S. Howard UK insurers are adjusting to new pricing rules for personal motor and household premiums, which could bring some pricing volatility...
Australia’s Corporate Regulator Sues MLC Life for Causing Financial Harm of $13M November 19, 2021 Australia’s corporate regulator said on Friday it was suing MLC Life Insurance for causing financial harm of A$17.5 million ($12.73...