Scotland client money trust issue causes delay
A new trust account for brokers that does not handle client money is being held up because of diffic...
A new trust account for brokers that does not handle client money is being held up because of difficulties with establishing it in Scotland, although something is still expected to be in place soon.
Steve White, regulation and compliance manager at the British Insurance Brokers' Association, (Biba) told Insurance Age that the new account is "now close" to being unveiled, although he would not be pinned down to a specific date. However, according to unofficial sources it will be unveiled by June.
H
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk