A steep learning curve

In the past month Loretta Minghella, chief executive of the Financial Services Compensation Scheme (FSCS) has had a potential taste of how the broking sector might impact on the scheme with the collapse of Whiteley Insurance and the news that BPS had a hole in its client money account.

Before 14 January this year, when Financial Services Authority (FSA) regulation came into play, the general insurance broking sector did not fall within the FSCS's remit so the last six months have been a steep

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: