The FCA has recently published key harms and drivers of harms caused by Appointed Representatives (ARs) that undertake credit broking.
With the FCA promising to focus attention on oversight of ARs for all sectors, all Principal Firms should take note of these findings and address any gaps or shortcomings in their approach to AR oversight, or indeed, consider whether any of the good practices identified could be implemented within their frameworks.
Since joining Padda Consulting in January, Ali has rekindled her passion for the insurance sector, thriving in a collaborative and dynamic environment. Dive into “A Day in the Life” of Ali Dove, to find out what a workday looks like at Padda.
The discussion surrounding merit and diversity often pits one against the other. By reframing perceptions and adopting a more positive narrative we can drive more change towards inclusivity.
The Prudential Regulation Authority (PRA) has issued a far ranging consultation paper that is set to have a major impact for insurance firms. To help you get on top of the details and understand what’s required we’ve put together this helpful explanation of the new expectations and the steps insurers need to take.
To help keep you on the right side of the FCA we’ve dissected their recent review on claims handling for stolen or written-off vehicles. From vehicle valuation and communication techniques to outsourcing and data collection, the FCA’s findings could significantly impact your processes and customer relationships. Ensure you’re ahead of the curve by understanding how these findings can shape the future of claims handling.
The countdown is on for the Consumer Duty coming into effect for closed products. To help keep pace and continue momentum on your work in relation to this, here are 7 steps for better compliance.
A Day in the Life of Pam Raihal: From Publising to Compliance. Explore the fascinating journey of Pam Raihal – Padda Consulting’s Client Relationships Manager, as she traded headlines for regulations.
The FCA’s consultation paper on DEI suggests firms publicly disclose their targets for transparency, accountability, and benchmarking progress. This aims for positive change but stakeholders must note potential limitations.
The determination of the FCA to clamp down on misleading financial promotions is clearly ramping up. The figures prove it. So what do compliance experts need to focus on to ensure they’re not part of that unwanted mix?
Padda Consulting is a London based compliance consultancy, focused on helping the insurance industry maintain and achieve regulatory compliance. We work with firms of all sizes, worldwide, our clients include but are not limited to brokers, insurers, Lloyd’s of London syndicates, MGA’s and Coverholders.
At Padda Consulting everything is informed by our three core principles: commitment, collaboration and consultancy.
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