FSA White Papers

The FSA's first life insurance newsletter focuses on the key domestic and global regulatory developments. Solvency II, changing accounting standards, regulatory reform, gender ruling and RDR implementation are just some of the changes ahead. Firms need to respond with adequate strategic solutions. VIEW SUMMARY

The FSCS is the UK’s statutory compensation scheme of last resort for customers of authorised financial institutions. This paper proposes changes to some of the rules in our Compensation sourcebook that govern the operation of the FSCS. The paper also discusses insurance specific issues. VIEW SUMMARY

The evolving shape of global and domestic regulation is likely to continue to influence significant changes in the wider insurance market. This FSA newsletter covers: Solvency II updates; the EU gender directive; payment protection insurance products and tracing employers' liability insurance. VIEW SUMMARY

Firms should be undertaking an analysis of complaints about the previous sale of PPI policies. In this guidance we refer to letters or other types of communications used to contact consumers to ask them to respond if they would like their sale to be reviewed as ‘PPI consumer contact letters'. VIEW SUMMARY

This Bill was introduced to redress the imbalance between the way in which insurance applications were assessed in law and the Treating Consumers Fairly (TCF) approach taken by the Insurance industry regulator. This CILA article examines the implications for both insurers and consumers. VIEW SUMMARY

Charles River Associates (CRA) was commissioned by the British Insurance Brokers’ Association (BIBA) to conduct research into what appropriate and proportionate regulation might look like under the UK’s new Financial Conduct Authority (FCA). VIEW SUMMARY

This 452 page report aims to provide an analysis of how and why RBS failed. It identifies the multiple factors which combined to produce RBS’s failure, including errors of judgement and execution made by its executives and management, which resulted in a UK government bailout costing £45.5bn. VIEW SUMMARY

Insurance brokers make a critical contribution to the functioning of the insurance market. Yet, their activities, roles and contribution are often little understood. The purpose of this report is to address this information gap and highlight the contribution of insurance brokers to the UK economy. VIEW SUMMARY

The ABI quarterly consumer survey looks at consumer behaviour, mainly in relation to life and general insurance products, as well as attitudes towards savings and financial resilience. VIEW SUMMARY

This paper analyses, from an economic perspective, the viability of different business models in providing accurate ratings of credit risk to investors. It critically compares four different business models for credit ratings agencies, on the basis of accuracy and practicality. VIEW SUMMARY