IIB voices strong opposition
The Institute of Insurance Brokers (IIB) has voiced strong opposition to unlimited compensation awar...
The Institute of Insurance Brokers (IIB) has voiced strong opposition to unlimited compensation awards as part of its response to the Financial Services Authority (FSA) consultation - CP08/15 Financial Services Compensation Scheme: review of limits. Under the proposals, insurance customers will have 100% protection for compulsory classes and 90% protection for other classes of insurance with no upper limit. Ann Peel, IIB's head of technical services, commented: "We are urging the FSA to place a
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