Biba issues response to Treasury consultation

A HM Treasury sign

The trade body welcomed the decision to regulate insurance brokers in a single authority - the Financial Conduct Authority (FCA) - but also took the opportunity to highlight the disproportionate nature of brokers' fees compared to the limited risk they posed.

It also called for the Financial Services Authority (FSA) to urgently progress its consultation on the fundamental review of the Financial Services Compensation Scheme, to ensure that new rules are in place for April 2012.

It demanded that

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 [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: