Freight-forwarding firms receive FSA exemption

Freight-forwarding firms have been given an exemption from Financial Services Authority (FSA) insurance regulation, after protests from the British Insurance Freight Association (BIFA).

The Economic Secretary to the Treasury, Ed Balls, announced that freight forwarders would be removed from the scope of FSA regulation, and that he wanted to work with all businesses to abolish unnecessary burdens on industry. He said: "As well as assessing whether European regulation is necessary, and in the n