FSA launches crackdown on unauthorised brokers

The Financial Services Authority (FSA) has begun a 'crackdown' on brokers, both primary and secondary, which are dealing in insurance without its permission. Enforcement visits by the FSA's perimeter team have, the regulator said, already been made to 500 firms in the Midlands, and other parts of the UK will be targeted soon.

Clive Briault, the FSA's managing director of retail markets said: "Tracking down firms operating outside our regime is a major priority. By cleaning up the industry we