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The Financial Conduct Authority Handbook is a set of rules required to be followed by banks, insurers, investment businesses and other financial services in the United Kingdom under the Financial Services and Markets Act 2000. It is administered by the Financial Conduct Authority in London.
The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom. It operates independently of the UK Government and is financed by charging fees to members of the financial services industry. [ 2 ]
The Swinton Insurance Group continued their UK-wide acquisition strategy in 2012 with the purchase of Greys Insurance in Burnley. [21] In 2013, they then purchased Stroud based insurers Alexander James Commercial [ 22 ] before agreeing a deal to buy the general insurance book of North Wales-based Anderson Insurance Services in 2014 [ 23 ] and ...
The following is a list of regulators in the UK. Regulators exercise regulatory or supervisory authority over a variety of endeavours. In addition, local authorities in the UK provide regulatory functions in a number of areas. Professional associations also act to regulate their memberships. The UK is also bound by a number of European and ...
General insurance advice and arranging (for business conducted on or after 14 January 2005). 90% of the claim with no upper limit. Compulsory insurance is protected in full. Unlimited Funeral plans: 100% of the first £85,000 per person per authorised firm (for claims against firms declared in default on or after 29 July 2022) £85,000
In November 2015, it was announced that InsureandGo would be relocating most of its UK operations to Bristol, including the claims team and finance department. In September 2021 InsureandGo was purchased by AllClear Travel Insurance, [ 13 ] [ 14 ] [ 15 ] following Mapfre Asistencia’s withdrawal from the UK Travel Insurance market.
The first basic categorisation of long-term insurance is between life and non-life business. Life insurance business is insurance that is contingent on human life. Examples would include a policy that pays out £100,000 if the policy holder dies within a specified time; a policy that pays out £100,000 in 10 years time, but will pay out £101,000 if the policy holder dies before the policy ...
The Financial Ombudsman Service is an ombudsman in the United Kingdom.It was established in 2000, and given statutory powers in 2001 by the Financial Services and Markets Act 2000, to help settle disputes between consumers and UK-based businesses providing financial services, such as banks, building societies, insurance companies, investment firms, financial advisers and finance companies.