FSA final rulebook: Biba's response
The British Insurance Brokers' Association said it would continue to press for satisfactory resolution to the issue of risk transfer following the publication of the Financial Services Authority final rules today.
In a statement it added: "Within the final rules the FSA recognises that there is an issue and has allowed insurer and client monies to be commingled in the same trust account for 2005. Biba will be making representation to the FSA over the coming months with a view to making the transitional arrangements permanent."Eric Galbraith, Biba chief executive, added: "The industry has been given further time to make representation to the FSA. It is essential, therefore, that we continue to press for
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 info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Aviva to open branches in Chelmsford and Southampton
- Dual to open two UK offices as McGinn’s regional push gathers pace