Out with the old

businessman-throws-out-box

The Financial Services Authority (FSA) will shortly issue a consultation paper relating to possible revisions to the client asset rules, known as CASS. Many of the ideas we expect to see have been well trailed, some are common sense and some are positively helpful, but others will pose more of a challenge for many brokers. So what are the main FSA concerns that are driving potential rule changes?

Firstly, many brokers handle insurance money through terms of business agreements (Tobas) framed on

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