FSA has published its latest newsletters for the life and general insurance sectors. These issues include items on:  

  • developments in the PPI market;  
  • regulation of connected travel insurance;  
  • FSA’s review of insurance comparison websites;  
  • update on unfair contract terms;  
  • BIBA guidance confirmed by FSA on transparency, disclosure and conflicts of interest;  
  • clarification on the treatment of credit write-backs;  
  • adviser charging – the choices facing insurers;  
  • pensions and TCF – OMOs, quality of advice and unfair contract terms;  
  • COBS 21 requirements – unregulated collective investment schemes;  
  • new modification by consent for firms with exposures to counterparties which have Treasury as a shareholder;  
  • new limits for professional indemnity insurance;  
  • restriction of business to insurance: FSA is concerned that firms must manage contagion risk of permitted non-insurance activities properly; and  
  • Solvency II update.