FCA publishes business plan for 2018/19

The regulator published its latest business plan earlier this week. The year over which it has outlined its priorities will, of course, come to an end as the UK formally leaves the EU and, assuming the outline treaty holds, begins a 21 month implementation period / transition phase. Among key cross sector priorities affecting general insurance (GI) firms are data security and resilience, treatment of existing customers (ie tackling the issue of dual pricing) and the ongoing prevention of financial crime. GI specific priorities include further work on customer value in long distribution chains and on competition in the wholesale broker sector. Continue reading

Further authority on non-delegable duty and vicarious liability – Razumas v Ministry of Justice

Debate on the scope of the frequently-linked issues of non-delegable duty of care and vicarious liability remains extremely active and was recently reconsidered by the High Court in a judgment handed down on 12 February 2018. Continue reading

“The Ministry of Justice pursued an overly ambitious and high risk strategy anyway”

The history of Government-led IT projects is hardly sparkling. Today’s report from the National Audit Office provides another example to add to the long ‘room for improvement’ column. The NAO examined the history and delivery of an offender tagging project and reached the conclusion that forms the title above. It also added that the Ministry’s approach was “not grounded in evidence, and failed to deliver against its vision.”

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