Move to end bogus holiday sickness claims
The Ministry of Justice has issued a call for evidence on holiday sickness claims, as part of its crackdown on the ‘false claims epidemic’ – a trend so commonplace it is on the verge of replacing whiplash claims as the latest scourge on the insurance industry.
The measures could help curb the number of personal injury claims brought by British holidaymakers – an upsurge of which has resulted in a 500% increase since 2013, according to travel industry estimates. Ministers have put forward proposals that would see tour operators pay a prescribed sum depending on the value of the claim, making defence costs predictable and helping to deter bogus claims.
The consultation closes on 10 November and can be viewed at: bit.ly/2yut1MN
The EU General Data Protection Regulation (GDPR) will apply in the UK from 25 May 2018. It is an essential step forward in enhancing the privacy and security of personal data.
The Financial Conduct Authority (FCA) is consulting on proposed amendments to rules on the purchase of products that provide consumers with guaranteed income in retirement (pension annuities).
Andrew Bailey, chief executive of the UK Financial Conduct Authority (FCA), has given a speech on Brexit at the Future of the City dinner in London.