FSA to undertake review

The Financial Services Authority (FSA) is to undertake a review later this year into the handling of client money by general insurance intermediaries. This decision follows pilot work which showed a worrying level of failure by both wholesale and retail intermediaries to comply with FSA rules on client money potentially putting consumers at risk. The review will involve visits to more than 200 wholesale and retail firms. The FSA wants to see a significant improvement in how firms are complying

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