The Financial Conduct Authority (FCA) has said that an estimated six million insurance customers pay high prices and are not getting a good deal. The watchdog made the statement following the publication of an interim report into the pricing of home and motor insurance.
The Financial Conduct Authority (FCA) has published a series of potential remedies to tackle concerns about general insurance pricing. In an interim report of its market study into the pricing of home and motor insurance, the FCA found that competition is not working well for all consumers in these
The Financial Reporting Council (FRC) has revealed public opinion on the regulation of corporate reporting, audit and governance. Its research has indicated that the public supports the FRC taking firmer action to hold companies to account.
The Financial Conduct Authority (FCA) has fined The Prudential Assurance Company Limited (Prudential) £23,875,000 for failures related to non-advised sales of annuities. Between July 2008 and September 2017, Prudential’s non-advised annuity business focused on selling annuities directly
The Financial Reporting Council (FRC) has strengthened its Going Concern audit standard. The FRC revised its Going Concern standard in response to recent enforcement cases and well-publicised corporate failures where the auditor’s report failed to highlight concerns about the prospects of enti
The Financial Reporting Council (FRC) has today initiated an investigation into the audit conducted by EY of the financial statements of Thomas Cook Group Plc for the year ended 20 September 2018.
The Financial Conduct Authority (FCA) has confirmed new rules which apply to certain types of open-ended fund investing in inherently illiquid assets such as property. The new rules apply to these funds, known as non-UCITS retail schemes (NURSs), but will not apply to other types of fund, such as UC
Chartered Accountancy firm Wylie & Bisset has welcomed the Debt Arrangement Scheme reforms, which it says will improve accessibility and streamline bureaucracy. A formal Scottish debt solution allowing individuals struggling with debt to repay it back over a longer period, the Debt Arrangem
Bosses at Goals Soccer Centre, the five-a-side football pitch provider, have admitted that the £12 million blanks in their accounts could be much higher.
The Financial Reporting Council (FRC) has today published its latest list of companies whose reports and accounts have been reviewed. The companies reports and accounts have been reviewed by the FRC's Corporate Reporting Review function.
The independent investigation into the approach to, implementation and oversight of the Connaught Income Fund is now up and running and is inviting affected individuals to get in touch. The Financial Conduct Authority (FCA) board committed to a review into the Connaught Fund in 2016,
The Financial Conduct Authority (FCA) has updated and published draft directions under its Temporary Transitional Power (TTP). The TTP gives the FCA flexibility in applying post-Brexit requirements, allowing firms to transition to a new UK regulatory framework.
Transparency reporting by accountancy firms performing audits is currently ineffective, with a lack of awareness amongst investors and audit committee chairs that the reports even exist and many being used as a marketing exercise, the Financial Reporting Council (FRC) has said.
The Financial Conduct Authority (FCA) has announced that Sheree Howard has been appointed as executive director of Risk and Compliance Oversight (R&CO). Sheree is currently interim director of R&CO having joined the FCA as a senior adviser in December 2017. Before joining the FCA, Sheree spe
The Institute and Faculty of Actuaries (IFoA) has launched a new monitoring scheme to improve the effectiveness of actuarial regulation and promote ongoing improvement across the profession. The scheme arrives after a consultation held by IFoA, which was welcomed by the Financial Reporting