The law of the GI jungle
Following the development of Howden's professional indemnity scheme for brokers, Richard Wynn highlights the dangers of businesses walking on the wild side of the UK's complex regulatory environment
Since 'GI-Day' in January 2005, the subject of regulation has grown in importance for brokers throughout the UK. The prevailing view of the Financial Services Authority (FSA) is as a financial watchdog set up by the government to regulate financial services companies and protect the rights of consumers. Arguably, the FSA's focus has been predominately directed at those selling personal lines products direct to consumers, which is unsurprising as one of the regulator's four statutory objectives
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