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FSA Changing its Tone and Behaviour

FSA is changing its tone and behaviour and all regulated firms and Approved Persons are well advised to understand the implications of this.

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IFAct Services Limited,
Connect House,
Kingston Road,
Leatherhead,
Surrey,
KT22 7LT.

Tel: +44 (0)8456 121 211
Fax: +44 (0)1372 365036
E-mail: admin@ifact.co.uk

QBE Newsletter to 14th May 2010
Subject: QBE Newsletter to 14th May 2010
Send date: 2010-05-19 12:40:56
Issue #: 35
Content:

Dear [FIRSTNAME],

No particular theme this week but the first article is a must read for all General Insurance Brokers, particularly those specialising in commercial lines.

Perhaps the writer is naïve but the difference between legitimate incentives and corruption is arguable and the FSA report, which is our first article, does include best practice guidelines which is useful and something we all need to read.

Very few of our readers are still writing PPI and ASU but if you are one of those that continues with this business please read the first article on page 2 and download the link as contravening this agreement could have very unfortunate enforcement consequences.

The last article on page 3 could be read as the FSA looking for sympathy as it must comply with the public sector equality duty under the Equality Act 2010. All readers who feel sympathy are welcome to call their favourite FSA Supervisor and express their feelings.

If we can be of service on these or any other regulatory matters please remember your helpline 08456 12 12 11 for a without obligation conversation or email admin@ifact.co.uk.

Kind regards

John Derry-Collins
FInst SM AMITD Fcol MInstD MIoD
Director
IFAct Services Ltd
Tel. No. 08456 121 211


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QBE Insurance (Europe) Limited “QIE” (No. 1761561) is authorised and regulated by the Financial Services Authority. Ensign is a trading name of QIE. Limit Underwriting Limited “LUL” (No. 1035198) is a managing agent for Syndicates at Lloyd’s and is authorised and regulated by the Financial Services Authority. DA Constable Syndicate Limited (No. 2262145) and Limit Technology & Commercial Underwriting Limited “LTCUL” (No. 3515409) are appointed representatives of LUL. Icon Insurance and Praemunio are trading names of LTCUL. QBE Management (UK) Limited (No. 3153567) is a service company and QBE International Holdings (UK) PLC (No. 2641728) is the holding company for QBE European Operations, a division of the QBE Insurance Group. The above companies are registered in England and Wales at Plantation Place, 30 Fenchurch Street, London EC3M 3BD. QBE Reinsurance (Europe) Limited (No. 53272) is registered in the Republic of Ireland at St. Stephen's Green House, Earlsfort Terrace, Dublin 2.

CONFIDENTIALITY NOTICE
This e-mail is intended only for the addressee named above. As this e-mail may contain confidential or privileged information, if you are not the named addressee or the person responsible for delivering the message to the named addressee, please telephone us immediately on +44 (0)20 7105 4000.

Visit our website at
http://www.QBE.com/



Attached files: QBE-News-140510.pdf

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