Client money

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The rules governing how a firm must safeguard and handle client money held in relation to its investment business are found in chapter 7 of the Clients Assets sourcebook (CASS 7), which forms part of the

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Latest Insurance & Reinsurance News

UK government to increase whiplash injury tariff by 15%

Law360: The government said it will raise the fixed damages for 'whiplash' neck injuries suffered in motor accidents by 15% to account for inflation, but claimant groups say the planned increase does not go far enough.

IAIS publishes application paper on supervising diversity, equity and inclusion in insurance governance and risk management

The International Association of Insurance Supervisors (IAIS) has published its application paper on supervising diversity, equity and inclusion (DEI) in the insurance sector, focusing on governance, risk management and corporate culture. The paper was released after a public consultation period between March and June 2024. The IAIS' work on diversity, equity, and inclusion will be discussed at the IAIS Annual Conference 2024, scheduled for 5—6 December 2024 in Cape Town, South Africa.

FCA calls for faster bereavement claim processing by life insurers

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FCA weighing wider impact of motor finance ruling

Law360, London: The Financial Conduct Authority (FCA) said it is considering issuing guidance amid growing legal uncertainty over commission arrangements following a bombshell court ruling on motor finance.

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