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