FSA's secondary market stance causes confusion
This month's Power Hour panellists discuss the implications of the Financial Services Authority's stance on secondary insurance. Does it offer an opportunity for brokers and if it does, how easy will it be for them to take advantage of the often complicated rules?
Is the Financial Services Authority (FSA) stance on secondary insurance an opportunity for brokers?
Michael L: The first thing I would be looking at as a broker is where do I currently get my business from, and whether that business will be affected in any way by the introducer rules. Are there opportunities for me to get business I wouldn't otherwise have got? I think there are opportunities for brokers, but if you look at the FSA rules, it's actually quite complicated, what you can and can't
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