Brokers urged to raise awareness of environmental regulation

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Allianz Engineering is reminding brokers of the imminent introduction of a government-backed climate change and energy saving scheme which could affect around 20,000 UK businesses.

The Carbon Reduction Commitment Energy Efficiency Scheme (CRC), which begins on 1 April, aims to reduce the carbon emissions of large private and public sector organisations, as well as saving the participants approximately £1bn per year in reduced energy expenditure.

The mandatory scheme is central to the UK’s strategy for improving energy efficiency and reducing carbon dioxide (CO2) emissions, as set out in the Climate Change Act 2008, and has been designed to raise awareness in large

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Lords Committee ‘unconvinced’ on FCA name and shame proposal

The House of Lords Financial Services Regulation Committee is unconvinced on the FCA’s name and shame plans as it branded the consultation an “abject failure” and urged if concerns have not been addressed in the regulator’s second consultation the proposals should not go ahead.

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