Dispensing regulation
Although most brokers have come to terms with regulation, Paul Lang explains there is still a strong undercurrent of dissatisfaction in the market over how the Financial Services Authority has handled the situation
It has now been more than three years since the general insurance market came under the jurisdiction of the Financial Services Authority (FSA), and many brokers can be proud of their achievements in demonstrating clear and objective standards of competence and fair trading. The regulator itself believes that, in general, firms have bedded down to compliance reasonably well after the initial challenge of the new regime.
"Overwhelmingly, brokers have reacted positively as regulation rolls out
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