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Biba welcomes FCA clarifications

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The British Insurance Brokers’ Association (Biba) has welcomed further clarification from the Financial Services Authority (FSA) ahead of upcoming changes.

The FSA has recently published ‘Journey to the FCA' to provide more detail on the changes that will occur and impact brokers when the Financial Conduct Authority (FCA) becomes effective in early 2013.

Steve White, Biba's head of compliance and training, said: "We welcome the signal in the paper that the FCA will work closely with trade associations going forward.

"We have been in regular contact with the FSA as they have put their plans together and we will continue this as the transition to the

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