Financial Services Authority

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  Prudential fined for failed bid for AIG’s Asia arm

  By Danica Kirka  |  March 27, 2013

  The company’s chief executive was also censured over the handling of its failed attempt to buy the Asian subsidiary of AIG in 2010.

• FSA legal battle costs life settlements find £2.5M

  By Staff Writer  |  February 26, 2013

  A contentious life settlements battle is taking place across the pond.

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  Moody’s: Review of annuity sales could hurt U.K. insurers

  By Maria Wood  |  February 4, 2013

  Britain’s Financial Services Authority wants to know if pensioners are getting a fair deal when they purchase annuities.

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  JPMorgan's Jamie Dimon gets big pay cut

  By Christina Rexrode  |  January 16, 2013

  JPMorgan Chase said Wednesday that it will dock the pay of CEO Jamie Dimon by more than half, to $11.5 million from $23 million.

• Risky finance products face instant ban, FCA says

  By Staff Writer  |  October 16, 2012

  The Financial Conduct Authority will oversee the financial services industry in the U.K. starting next year.

• BBA agrees to be stripped of role in setting Libor

  By Staff Writer  |  September 25, 2012

  If recommended, the British Bankers' Association said it would hand over responsibility of Libor to another body.

• The impact of a universal fiduciary standard

  By Brian Anderson  |  August 1, 2012

  Few threats are scarier to the average independent life insurance producer than the potential banning of commission-based compensation for insurance product sales. And the prospect of adapting from a suitability standard of care to a fiduciary standard opens up another can of worms.

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  The impact of a universal fiduciary standard

  By Brian Anderson  |  July 30, 2012

  As it becomes more likely the SEC will impose a universal standard, independent producers have reason for concern.

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  Across the Globe, the Regulatory Vise Tightens

  By Warren S. Hersch  |  July 1, 2012

  During the 2012 annual meeting of the Million Dollar Round Table, held in Anaheim, Calif., June 9-13, editors of Summit Business Media’s LifeHealthPro group—Warren Hersch of National Underwriter Life & Health, Brian Anderson of Life Insurance Selling and Daniel Williams of Senior Market Advisor—met with MDRT members from New Zealand,...

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  Across the Globe, the Regulatory Vise Tightens

  By Warren S. Hersch  |  June 18, 2012

  During the 2012 annual meeting of the MDRT, members from Australia, Canada, the U.S. and the U.K. explored regulatory, practice management, and product issues and trends.