'Problem' brokers still failing Goodwill duty

The industry's Goodwill issue has still not been resolved with up to 10% of identified 'problem' firms operating outside their capital resource requirements, according to regulatory experts.

Five months after the Financial Services Authority's (FSA) deadline for the resolution of Goodwill issues passed, some firms have continued to flaunt threshold conditions. Kieran Marsh of Marsh Consulting said: "We still have brokers contacting us for advice and business plans to sort out their Goodwill

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 [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: