FSA responds to requests for help

Insurance Age staff
01 Mar 2005

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The Financial Services Authority (FSA) has responded to requests from the general insurance industry for help on the new rules on inducements and managing conflicts of interest which apply to insurers and intermediaries under general insurance regulation. Chief executive John Tiner said: "We are writing to trade associations with further guidance which aims to help firms determine how inducements can operate unfairly and lead to conflicts of duty that firms owe to their customers. We may

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