Sniffy frustrations at Solvency II reforms betray Bank’s out-of-touch approach March 6, 2023 Regulation is a risky business – pun intended. Reducing the possibility of something going completely Pete Tong is at the heart of the work of all of the City’s rulemakers, but it should not be the be-all and end-all. It is this trap into which the Bank of England and its Prudential Regulation Authority appear [...]
Pride Month 2023 in London: Where to go and what to do June 1, 2023 Summer is finally upon us and Pride Month has officially begun. Throughout June London will play host to hundreds of LGBT events in venues across the capital, culminating in the 2023 Parade on 1 July. As well as the usual host of fabulous drag acts, open-air theatre and coruscating comedy, there will be awareness events and [...]
Chancellor to launch £7.3bn national wealth fund to ‘unlock investment’ July 9, 2024 Chancellor Rachel Reeves will launch a national wealth fund with £7.3bn of state funding to “unlock investment” in UK growth industries.
Insurers are undervaluing policy holders’ cars, FCA warns December 4, 2022 The UK’s financial watchdog has warned insurers against undervaluing policyholders’ vehicles after seeing evidence of customers being offered payouts less than their cars are worth. The Financial Conduct Authority (FCA) said it had seen evidence of customers who have had their cars written off being offered less money than their vehicle’s fair market price. It [...]
Insurance brokers could face caps on commissions as FCA reviews high rise insurance market May 10, 2022 Insurance brokers could face rules limiting commissions amid the City watchdog’s review into tower block insurance coverage. The Financial Conduct Authority (FCA) was asked to review the insurance market for blocks of flats earlier this year, after housing minister Micheal Gove said he was “extremely concerned” by accelerating costs faced by leaseholders. In an update, [...]
Europe’s insurance lobby welcomes overturning of EU online marketing rules October 26, 2022 Europe’s main insurance sector lobby group has welcomed the EU’s decision to overturn rules regulating the sector’s online and telecoms marketing activities. Insurance Europe, whose members include Lloyd’s and the Association of British Insurers (ABI), said it “strongly welcomes” the repeal of the EU’s consumer rights legislation, which seeks to protect consumers that sign contracts [...]
Insurance lobby pushes back against EU’s ESG rules September 13, 2022 Insurance sector lobby group Insurance Europe has called on the EU to prioritize setting climate standards over social ones, in putting forward its ESG taxonomy. In a response to an EU consultation, Insurance Europe called on the bloc to hold back from setting “overly prescriptive” ESG standards, particularly in regards to human rights, as [...]
GSK coughs up £1.6bn for Bellus as pharma giant boosts its patent medicine cabinet April 18, 2023 GSK plans to buy developer Bellus Health in an all-cash deal for £1.6bn as the drugmaker expands its bet on respiratory therapies.
Rugby round up: Descriptive audio, colour blindness and England A February 15, 2024 Despite the lack of Six Nations this week to get fans and others alike talking about rugby, the sport has seen a number of exciting announcements this week. From new audio description at the Six Nations to changes to aid colour blindness and the England A announcement. Here’s what you may have missed. Six Nations [...]
Rolls-Royce wins funding to develop nuclear reactor for Moon exploration March 17, 2023 Rolls-Royce has received £2.9m funding from the UK Space Agency to develop a nuclear reactor for a Moon base.