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 print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Management
Podcast
The Insurance Age Podcast: 3 April 2020
Insurance Age commissioning editor, Laurence Eastham, and news editor, Ida Axling, discuss the top stories of the week.
Subscribe to our daily newsletter for all the latest news
Most read
- FCA names 16 insurers affected by BI legal test case
- Hiscox has highest number of wordings highlighted by FCA test case
- Suspected ‘ghost broker’ under arrest
- Blog: What is the client view of broker commission?
- By Miles teams up with Broker Network
- Former MP Amber Rudd joins ‘Pan Re’ committee alongside series of industry big hitters
- Axa to pay French Covid-19 BI claims after court ruling – reports