FSA moves to quell concerns over staff changes

The Houses of Parliament in London

The Financial Services Authority (FSA) has moved to pacify senior politicians' fears about staff turnover and its impact on the consistency of communication between firms and the regulator during the transition to the ‘twin peaks’ and Solvency II regimes.

Speaking at yesterday's All-Party Parliamentary Group on Insurance and Financial Services (APPGIFS) meeting, the director of insurance supervision, Prudential Business Unit (PBU), Julian Adams insisted the turnover had mostly been seen at a junior rather than the senior associate and manager level.

However, APPGIF chairman Jonathan Evans MP and Lord Hunt both claimed to have been approached by insurers and other regulated firms - one of whom was "incandescent with rage" - that their entire

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 copy this content. Please contact info@insuranceage.co.uk 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

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

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: