News

The tide is turning in broker/insurer relationships

02 April 2013

I’ve been struck by the recent turnaround in the broker/insurer relationship in UK general insurance.

Aviva has ceased trading with both Broker Network and Willis Networks while both RSA and AXA have made it clear they are prepared to get tough with brokers who demand too much commissio...

Barclays – more own goals from the bank we love to hate

22 March 2013

Barclays committed two reputational faux pas last week, one of which was widely reported in the media, the other less so.

Bankers’ pay and bonuses are classic newspaper fodder. Twenty years ago, no journalist would have dreamed of writing a story that focused solely on the pay of a seni...

LIBOR, bankers and South Staffs – a tale of our times

20 March 2013

RBS chairman Philip Hampton and chief executive Stephen Hester gave evidence to the Committee on Banking Standards recently.

MPs and Peers on the Joint Committee quizzed both men on the LIBOR scandal, after the Bank was fined £390m by regulators for its part in the systematic manipulati...