IIB voices strong opposition

The Institute of Insurance Brokers (IIB) has voiced strong opposition to unlimited compensation awards as part of its response to the Financial Services Authority (FSA) consultation - CP08/15 Financial Services Compensation Scheme: review of limits. Under the proposals, insurance customers will have 100% protection for compulsory classes and 90% protection for other classes of insurance with no upper limit. Ann Peel, IIB's head of technical services, commented: "We are urging the FSA to place a

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