Which organization is responsible for intervening in cases of misleading financial promotions by insurers?

The organization tasked with intervening in cases of misleading financial promotions by insurers is the Financial Conduct Authority (FCA). The FCA is a regulatory body that oversees and enforces rules within the financial services sector, ensuring that firms operate in a fair and transparent manner. They have the authority to investigate and take action against companies that present misleading information in their promotions, which protects consumers from unfair practices.

The other organizations mentioned in the options have different roles within the insurance and financial services landscape. The Association of British Insurers primarily focuses on representing the interests of its members and improving the industry standards. The Chartered Insurance Institute is dedicated to promoting professional standards and providing education and qualifications in the insurance sector. Lastly, the Financial Ombudsman Service offers dispute resolution services between consumers and financial businesses but does not intervene in regulatory matters regarding financial promotions. Thus, the FCA’s mandate clearly aligns with the responsibility of ensuring truthful and accurate financial communications.