Article on Senior Managers Regime published 5th October in Insurance Age


Mikes article was recently published in Insurance Age. Read the full article here….


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MIB reveals first rise in uninsured accident claims for a decade

The Motor Insurers’ Bureau (MIB) has reported an increase in the number of claims made following accidents with underinsured drivers, for the first time in a decade.

According to MIB it has seen the number of claims against uninsured drivers reduce by more than 50% since 2004, from around 25,000 per year to around 11,000.

It stated that this was a result of the continued commitment from the industry, police, the Driver and Vehicle Licensing Agency, and the government to tackle the problem.

Read the full article here…

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Gable policyholders receive £8.3m return payments


The FSCS has given 28,000 return of premium payments to former policyholders of Gable Insurance.

The Financial Services Compensation Scheme (FSCS) has now made over 28,000 return of premium payments worth £8.3m to former policyholders of Gable Insurance.

The FSCS said in a statement on July 20 that it is continuing to work closely with the liquidator of Gable, insurance brokers and, where appropriate, the premium finance companies to agree and verify those premium refunds which remain outstanding.

Click here to read the full article….

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Good Cyber Security – document issued by the FCA


Good Cyber Security – document issued by the FCA

The FCA have published the following document to help firms asses if they are protecting themselves against cyberattacks. We are bringing this document to your attention so that you can use this to help assess your current status and include as part of your Risk assessments/discuss at your Board/Management meetings.

The FCA document includes some points relating to effective cyber security, reporting a material cyber incident under Principle 11 of the FCA Handbook and also how to do this.

It also includes some other useful website links you may want to look at

Click here to view the FCA document

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Compliance Update Workshop 6th July 2017


On 6th July 2017 we will be holding our summer Compliance Update Workshop for our clients at the Mere Hotel in Knutsford, Cheshire.

The workshop starts at 9.00am with coffee, registration and breakfast. The session will then start at 9.30am and finish at 12.00 noon

What we will cover

The FCA  have recently published their Business Plan and Mission for 2017/2018. It  explains their priorities over the next year and during the workshop we will look at this but also focus on some of the main areas that will affect you including:

  • The introduction of the Insurance Distribution Directive
  • The new GDPR General Data Protection Regulation
  • The Senior Managers Regime - what this is and what you will need to do


Our venue for this workshop is:

The Mere Golf Resort and Spa

Chester Road, Mere Knutsford WA16 6LJ

See website on how to find it

Book your place

Can you please let us know if you are able to attend and who will be attending from your firm by Friday 23rd June 2017 for catering purposes. Please also let us know if you have any special dietary requirements. Please confirm your attendance to Deborah Leech or phone the office on 0161 870 6637

We look forward to seeing  there on the day.

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FCA publishes Business Plan for 2017/18

The FCA this week has published its Business Plan for 2017/18, along with its Mission, Sector Views and a Consultation on Regulated Fees and Levies.

The various documents will be of interest to all Insurance Intermediaries, and we invite you to review them.

All the documents mentioned can be found on the FCA’s website on this page.

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Car Insurance Premiums predicted to reach record high

According to analysis from, the annual cost of Car Insurance in the first quarter of 2017 is £781. This is an increase of £110 compared to the same period in 2016.

The highest recorded costs were an average of £858 in 2011.

The main reasons for the continued increases are fraud, rising repair costs and a number of tax increases.

Insurance Premium Tax (IPT) is continuously increasing – with another jump to 12% in June. Back in 1994 it was just 2.5%, rising to 4% in 1997, then 5% in 1999 and staying at that rate until 2011. That year it increased modestly to just 6%, then a leap to 9.5% in 2015, 10% in 2016, and this year increases again.

Effective last month, the Lord Chancellor altered the Ogden rate (the rate used by courts when applying a calculation to returns, for victims who receive lump-sum compensation payments) from 2.5% to minus 0.75%. What this means is that the amount Insurers will have to pay out has significantly increased, and this is expected to be passed on to Customers.

Experts are now predicting that in 2018, the 2011 record may even be broken, with’s spokesman stating they may rise on average to over £1000.

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Compliance Update Workshop!


Important Compliance & Regulatory Update session

The next Compliance Update Workshop is being held on 6th July 2017 at The Mere Golf Resort and Spa in Knutsford.  9am registration for a 9.30 start -  finish 12 noon.

Further details will follow…..

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Are you going to the BREXIT lecture?


Mike, Karen, Tracy and Matt will be attending the IIM lecture at the Friends Meeting House on 19th April. If you would like to attend, there is still time to book…..

Book now!

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IIM Newclass – ‘Dealing with Difficult People’


Today we delivered a workshop to the IIM Newclass group – ‘Dealing with Difficult People’. Thank you to Aon for hosting the session in Manchester. It was great to meet the class of 2017

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