The final destination
Following the Treasury's decision last month to grant the Financial Services Authority regulatory responsibility over travel agents and tour operators selling travel insurance, Catherine Phillips provides a breakdown of the events leading up to this landmark decision
The Treasury's decision last month to give the Financial Services Authority (FSA) responsibility for regulating the provision of travel insurance sold alongside a holiday has generated a mixed response from the industry. Although the decision will be enforced in January 2009, the situation has not yet progressed far beyond a running battle between travel agents and the insurance industry.
Currently, the FSA only takes responsibility for travel insurance sold on a stand-alone basis. However, in
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