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Brokers told to prepare for FSA's next move or face enforcement

Brokers need to prepare themselves for the next bout of regulatory pressure from the Financial Servi...

Brokers need to prepare themselves for the next bout of regulatory pressure from the Financial Services Authority (FSA), according to a regulation expert.

John Gregson, chief executive at Advantage Broker - part of law firm Vizards Wyeth - said issues around conflict of interest were now firmly on the FSA's radar, after it published its findings on transparency in the commercial general insurance sector in May. The discussion paper looked into intermediary commission disclosure and issues of

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GI AR numbers fall again

The general insurance and protection sector saw the biggest fall in the number of appointed representatives last financial year, the Financial Conduct Authority has calculated.

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