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	<title>Insurance Daily &#187; Financial Services Authority News</title>
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	<link>http://www.insurancedaily.co.uk</link>
	<description>Daily Insurance Industry News</description>
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		<title>Direct Line and Churchill fined for file tampering</title>
		<link>http://www.insurancedaily.co.uk/2012/01/19/direct-line-and-churchill-fined-for-file-tampering/</link>
		<comments>http://www.insurancedaily.co.uk/2012/01/19/direct-line-and-churchill-fined-for-file-tampering/#comments</comments>
		<pubDate>Thu, 19 Jan 2012 07:32:37 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[DirectLine Insurance News]]></category>
		<category><![CDATA[Financial Services Authority News]]></category>
		<category><![CDATA[Insurance News]]></category>
		<category><![CDATA[Royal Bank of Scotland News]]></category>
		<category><![CDATA[files]]></category>
		<category><![CDATA[fined]]></category>

		<guid isPermaLink="false">http://www.insurancedaily.co.uk/?p=16724</guid>
		<description><![CDATA[The Financial Services Authority (FSA) has imposed a fine of £2.17 million for failings by insurers Direct Line and Churchill, both of which are owned by Royal Bank of Scotland (RBS). According to the regulator, the firms failed to prevent files that the FSA had requested from being improperly altered. During the collation of 50 [...]]]></description>
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		<title>FSA&#8217;s RBS report considers role of institutional shareholders</title>
		<link>http://www.insurancedaily.co.uk/2011/12/12/fsas-rbs-report-considers-role-of-institutional-shareholders/</link>
		<comments>http://www.insurancedaily.co.uk/2011/12/12/fsas-rbs-report-considers-role-of-institutional-shareholders/#comments</comments>
		<pubDate>Mon, 12 Dec 2011 08:08:53 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Financial Services Authority News]]></category>
		<category><![CDATA[Insurance News]]></category>
		<category><![CDATA[failure]]></category>
		<category><![CDATA[institutional shareholders]]></category>
		<category><![CDATA[report]]></category>
		<category><![CDATA[Royal Bank of Scotland]]></category>

		<guid isPermaLink="false">http://www.insurancedaily.co.uk/?p=16502</guid>
		<description><![CDATA[In its long-overdue report into the failure of Royal Bank of Scotland (RBS), the Financial Services Authority (FSA) comments on the role of shareholders in the bank&#8217;s disastrous acquisition of ABN AMRO. According to the regulator, RBS had the support of its institutional shareholders over its battle with Barclays for ownership of the Dutch bank, [...]]]></description>
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		<title>High Court throws out Sky TV warranty appeal</title>
		<link>http://www.insurancedaily.co.uk/2011/12/02/high-court-throws-out-sky-tv-warranty-appeal/</link>
		<comments>http://www.insurancedaily.co.uk/2011/12/02/high-court-throws-out-sky-tv-warranty-appeal/#comments</comments>
		<pubDate>Fri, 02 Dec 2011 09:58:06 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Financial Services Authority News]]></category>
		<category><![CDATA[Home Insurance News]]></category>
		<category><![CDATA[Insurance News]]></category>
		<category><![CDATA[Legal News]]></category>
		<category><![CDATA[Digital Satellite Warranty]]></category>
		<category><![CDATA[insurance]]></category>
		<category><![CDATA[Sky TV]]></category>

		<guid isPermaLink="false">http://www.insurancedaily.co.uk/?p=16412</guid>
		<description><![CDATA[The Court of Appeal has dismissed appeals by Digital Satellite Warranty Cover and Satellite Services. The businesses, which are not registered with the Financial Services Authority (FSA), provided cover for Sky satellite TV equipment, in return for an insurance premium. Both firms described their offerings as &#8220;extended warranties&#8221; but in January, the FSA secured winding [...]]]></description>
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		<title>FSA: strict new rules on traded life policy investments</title>
		<link>http://www.insurancedaily.co.uk/2011/11/29/fsa-strict-new-rules-on-traded-life-policy-investments/</link>
		<comments>http://www.insurancedaily.co.uk/2011/11/29/fsa-strict-new-rules-on-traded-life-policy-investments/#comments</comments>
		<pubDate>Tue, 29 Nov 2011 08:19:57 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Financial Services Authority News]]></category>
		<category><![CDATA[Insurance News]]></category>
		<category><![CDATA[Life Insurance News]]></category>
		<category><![CDATA[traded life policy investments]]></category>

		<guid isPermaLink="false">http://www.insurancedaily.co.uk/?p=16359</guid>
		<description><![CDATA[The Financial Services Authority (FSA) has published strict new rules on the sale of traded life policy investments (TLPIs) to UK retail investors. The regulator reckons TLPIs are &#8220;high risk, toxic products&#8221; because investors are effectively betting on when a particular set of US citizens will die. They are also known as &#8220;death bonds&#8221; because [...]]]></description>
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		<title>Aviva&#8217;s Sir Nick appointed FOS chairman</title>
		<link>http://www.insurancedaily.co.uk/2011/11/24/avivas-sir-nick-appointed-fos-chairman/</link>
		<comments>http://www.insurancedaily.co.uk/2011/11/24/avivas-sir-nick-appointed-fos-chairman/#comments</comments>
		<pubDate>Thu, 24 Nov 2011 08:25:48 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Aviva News]]></category>
		<category><![CDATA[Employment News]]></category>
		<category><![CDATA[Financial Services Authority News]]></category>
		<category><![CDATA[Financial Services Ombudsman]]></category>
		<category><![CDATA[chairman]]></category>
		<category><![CDATA[Financial Ombudsman Service]]></category>
		<category><![CDATA[Sir Nicholas Montagu]]></category>

		<guid isPermaLink="false">http://www.insurancedaily.co.uk/?p=16298</guid>
		<description><![CDATA[The Financial Services Authority (FSA) has appointed Sir Nicholas Montagu as the new chairman of the Financial Ombudsman Service (FOS). He will succeed Sir Christopher Kelly who steps down in January 2012, after seven years in the role. Sir Nicholas is currently the chairman of the Aviva UK Life With-Profits Committee and a director of [...]]]></description>
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		<title>Broker banned for insurance fraud</title>
		<link>http://www.insurancedaily.co.uk/2011/11/17/broker-banned-for-insurance-fraud/</link>
		<comments>http://www.insurancedaily.co.uk/2011/11/17/broker-banned-for-insurance-fraud/#comments</comments>
		<pubDate>Thu, 17 Nov 2011 12:32:47 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Financial Services Authority News]]></category>
		<category><![CDATA[insurance fraud]]></category>
		<category><![CDATA[John Folan]]></category>
		<category><![CDATA[Key Mortgage Associates]]></category>

		<guid isPermaLink="false">http://www.insurancedaily.co.uk/?p=16141</guid>
		<description><![CDATA[The Financial Services Authority (FSA) has fined John Folan £195,117 for insurance fraud and prohibited him from carrying on regulated financial services activities. The penalty comprises a £70,000 fine and a disgorgement of £125,117 which Mr Folan obtained through commission when working as a director and adviser at Brentwood-based Key Mortgage Associates. Between January 2008 [...]]]></description>
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		<title>New FSA rules for unit and index-linked products</title>
		<link>http://www.insurancedaily.co.uk/2011/11/09/new-fsa-rules-for-unit-and-index-linked-products/</link>
		<comments>http://www.insurancedaily.co.uk/2011/11/09/new-fsa-rules-for-unit-and-index-linked-products/#comments</comments>
		<pubDate>Wed, 09 Nov 2011 15:18:49 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Financial Services Authority News]]></category>
		<category><![CDATA[Insurance News]]></category>
		<category><![CDATA[index linked]]></category>
		<category><![CDATA[new rules]]></category>
		<category><![CDATA[Solvency II]]></category>
		<category><![CDATA[unit linked]]></category>

		<guid isPermaLink="false">http://www.insurancedaily.co.uk/?p=16037</guid>
		<description><![CDATA[The Financial Services Authority (FSA) has set out proposed new rules aimed at protecting policyholders with unit-linked and index-linked life insurance products, while taking account of new European requirements for insurers. Solvency II will bring new high-level principles around how insurers’ assets, including unit-linked and index-linked funds, must be managed. However, where individuals bear the [...]]]></description>
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		<title>FSA appoints communications director</title>
		<link>http://www.insurancedaily.co.uk/2011/11/04/fsa-appoints-communications-director/</link>
		<comments>http://www.insurancedaily.co.uk/2011/11/04/fsa-appoints-communications-director/#comments</comments>
		<pubDate>Fri, 04 Nov 2011 14:29:17 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Employment News]]></category>
		<category><![CDATA[Financial Services Authority News]]></category>
		<category><![CDATA[Insurance News]]></category>
		<category><![CDATA[Communications Director]]></category>
		<category><![CDATA[Zitah McMillan]]></category>

		<guid isPermaLink="false">http://www.insurancedaily.co.uk/?p=15961</guid>
		<description><![CDATA[The Financial Services Authority (FSA) has appointed Zitah McMillan as its new communications director. Ms McMillan joins from the Department for Work and Pensions where she has been acting director of communications. Previously she was marketing director and brand director at Publicis, the worldwide communications agency, working across a variety of global blue-chip brands. Arriving [...]]]></description>
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		<title>Structured products designed for firms not consumers</title>
		<link>http://www.insurancedaily.co.uk/2011/11/03/structured-products-designed-for-firms-not-consumers/</link>
		<comments>http://www.insurancedaily.co.uk/2011/11/03/structured-products-designed-for-firms-not-consumers/#comments</comments>
		<pubDate>Thu, 03 Nov 2011 08:57:13 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Financial Services Authority News]]></category>
		<category><![CDATA[Insurance News]]></category>
		<category><![CDATA[guidance]]></category>
		<category><![CDATA[product intervention]]></category>
		<category><![CDATA[retail]]></category>
		<category><![CDATA[structured products]]></category>

		<guid isPermaLink="false">http://www.insurancedaily.co.uk/?p=15940</guid>
		<description><![CDATA[The Financial Services Authority (FSA) has asserted itself in its Product Intervention role for the second time this week. The watchdog has issued new guidance on structured products, which it says are gaining popularity among retail investors in today&#8217;s low interest rate environment. However, having assessed seven providers of structured products (responsible for around 50% [...]]]></description>
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		<title>FSA and OFT oversee new PPI products</title>
		<link>http://www.insurancedaily.co.uk/2011/11/02/fsa-and-oft-oversee-new-ppi-products/</link>
		<comments>http://www.insurancedaily.co.uk/2011/11/02/fsa-and-oft-oversee-new-ppi-products/#comments</comments>
		<pubDate>Wed, 02 Nov 2011 07:13:27 +0000</pubDate>
		<dc:creator>Gill Montia</dc:creator>
				<category><![CDATA[Financial Services Authority News]]></category>
		<category><![CDATA[Health Insurance News]]></category>
		<category><![CDATA[debt freeze]]></category>
		<category><![CDATA[payment protection]]></category>
		<category><![CDATA[waiver]]></category>

		<guid isPermaLink="false">http://www.insurancedaily.co.uk/?p=15927</guid>
		<description><![CDATA[The Financial Services Authority (FSA) and the Office of Fair Trading (OFT) have published proposed guidance on payment protection insurance (PPI) products. Both watchdogs are monitoring the market as it shifts away from the disastrous PPI offerings of the past and new products or product features are developed. These include short-term income protection and debt [...]]]></description>
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