The Financial Services Authority has taken over regulation of general insurance sales, advice and administration.
Regulated firms will be expected to meet industry standards, and consumers will have access to the Financial Ombudsman Service and the Financial Services Compensation Scheme should any problems arise.
firms that are unregulated, such as travel agents and high street electrical retailers
We spoke to Clive Briault, Managing Director of Retail Markets at the FSA.
NHS pension consultation begins
NHS workers are being asked for their views as part of a three month consultation on radical changes to their pension scheme.
In plans announced this week, NHS pensions could be based on a worker's average earnings rather than the amount they earn just before they retire.
Unions have reacted angrily to the proposals
The normal retirement age could also be raised from 60 to 65.
Meanwhile, the TUC has said it plans to make Friday, 18 February, a day of campaigning against the plans.
Unison has also voiced its concern at the "detrimental changes" and said it was "determined to keep up the pressure on the government".
Samantha Washington talked to NHS Employers about the plans, and gets reaction to the announcement.
Claiming for storm damage
Insurance companies reported a surge in enquiries after strong winds and rain caused widespread damage to property.
Malcolm Tarling of the Association of British Insurers gave his advice to people wanting to make a claim.
Conservatives' reveal pension 'option'
The Conservative Party has become the first to consider restoring the dividend tax credit for pension funds which the government controversially removed in 1997.
The party has included the proposal in "six options for action" to encourage a savings culture which they say was "killed off by Labour".
MMO2 offer to small investors
Mobile phone group MMO2 is to make an offer to buy out small investors in order to reduce the fragmented nature of its shareholder base.
It is offering to buy back shares at an extra 5 pence per share. Investors can remain shareholders, but they must tell the company by 9 March. If they do not, they will get the cash automatically.
Revenue website suffers problems
Money Box has discovered that the Inland Revenue self-assessment website has not been working, just two weeks before people have to get their forms in.
Listeners have been e-mailing to say the site was down, and the Revenue confirmed to Money Box that there was a power failure on Saturday morning.
But they said that the systems should be up and running some time during Saturday afternoon.
Presenter: Paul Lewis
Producer: Jennifer Clarke
Reporter: Samantha Washington