Gisc rapped over additional costs for exiting brokerages

The General Insurance Standards Council (Gisc) has urged brokers to keep it fully informed of any plans to sell their businesses.

The plea follows a broker's claim that he was being threatened with a large bill for a Gisc visit - to a business that he would shortly no longer own.

Anthony Sharkey, the managing director of AM Sharkey & Associates in Wolverhampton, who is shutting down his office and selling his client base to Swinton this March, claimed the Gisc had asked him to pay £1,500 for a