Brokers come up wanting during FSA 'health check'

No broker was fully regulatory compliant when Axa performed health checks at 22 of them, a senior figure at the insurer has revealed.

This was what emerged at a 'breakout' discussion on the effects on brokers of Financial Services Authority (FSA) regulation at the Chartered Insurance Institute conference.

Mark Cliff, Axa's distribution director, made the revelation as he stressed the importance of brokers working together with insurers to improve compliance.

He commented: "It is important that

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: