Industry News

Risk Management Industry News for FCA Regulated Businesses

FCA to Tackle Dual Pricing in the Insurance Sector

Just because a business practice has been around for many years does not mean it should not be challenged and if necessary, replaced and a regulator on the warpath is also a very clear reason to introduce much needed change.

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The Gender Pay Gap It's Now A Business Risk

It’s time for businesses to mind the gap - the gender pay gap that is - since having a wide gulf between the salaries of male and female employees is likely to lead to a rise in unwelcome risks.

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Busting The Ghost Brokers

There’s been a flurry of news stories about the dangers of ghost broking of late and a number of prosecutions. It’s not only consumers who should be on their guard, insurance risk managers should be aware this crime damages reputations, can mean being...

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Managing Fraud - An Increasingly Complex Threat

The research report conducted and written by Huntswood 'Fraud: How To Manage This Increasingly Complex Threat',  highlights the need for proactive risk management and effective processes to deal with fraud.

It brings to light how and why some of the...

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Risk Management Lessons from the TSB Debacle

Last month, the FCA announced it would launch a formal investigation into the IT failure at TSB, which began on 22 April and resulted in some 1.9 million customers being locked out of their accounts.

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Blocking Access To The Money Mules

Money mules are a growing problem and one of the fastest growing financial crime threats in the UK. Risk managers within retail banking, in particular, need to ensure they have robust systems in place to manage the problem.

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Phoenixing – Risks, Rules and the FCA

Risk managers should watch out for new rules set to prevent the practice of ‘phoenixing’ whereby financial services firms deliberately go bust, leaving the Financial Services Compensation Scheme (FSCS) to pick up the tab and then resurface under a new...

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Learning from Carillion – why Corporate Governance Needs A Shake-Up

Poor corporate governance is a major reason why businesses fail and was instrumental in the disastrous collapse of Carillion. So, a forthcoming review of the Financial Reporting Council (FRC) should be widely welcomed by risk managers but what can...

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Why home workers must not slip under the risk manager’s radar

Working from home is a popular choice, often meaning greater productivity and suiting those with family commitments better. But out of sight should not mean out of mind.

An employee who is not office-based can raise exposures and there is a clear case...

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