Biba and IIB make shared stand against FSA paper

The British Insurance Brokers' Association (Biba) and the Institute of Insurance Brokers (IIB) have united for the first time in years to knock the proposals contained in the Financial Services Authority's (FSA) recently issued Quarterly Consultation Paper CP05/14.

The consultation paper is proposing a number of amendments to the Insurance: Conduct of Business (ICOB) rules, including removing the status disclosure requirements for insurers in relation to retail customers. It is also intending to

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