Management - How to... save money and reduce your FSA risk

Twenty-pound notes

If I were an insurance broker I wouldn’t hold client money – it is too risky and confers no benefit. I would hold all premiums as insurer money and account to them rather than the FSA for its security.

Because of an ongoing mess caused in the main by insurers, general insurance brokers were given risk transfer six years ago, yet forced to treat the premiums as if they still belonged to the client. This was because insurers produced muddled terms of business agreement (TOBAs) that insisted you

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: