A steep learning curve
Loretta Minghella talks to Michelle Worvell about her views of how the broking sector will impact and also be impacted by, the Financial Services Compensation Scheme
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 info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk 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 info@insuranceage.co.uk
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 info@insuranceage.co.uk
Most read
- In Depth: Managing cyber risk in an ever-changing security landscape
- Covéa cuts losses but underwriting deficit grows
- JMG strikes its biggest deal of 2024 with BQI swoop