MGAA secures FSA fees deal

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The addition of the MGAA to the FSA's list of UK financial services trade associations was instigated by Steve Wallis, head of insurers and e-business development at Premium Credit and David Oliver, managing director of independent underwriting agency, David Oliver Associates.

The organisation, which represents UK MGAs, stated that Premium Credit was handling the financing and administration of the instalments scheme, which will give full members a 0.5% fee reduction.

Reg Brown, chairman of the

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