Biba hits out at 'token gesture' FSCS proposals

steve white biba april10

Biba had previously urged the Financial Services Authority (FSA) to re-consult on the issue of insurer cross-subsidies, due to the perceived unfair financial burden on brokers. 

However, although Biba explained it was "pleased" that the regulator had listened to its concerns and re-consulted, the trade body insisted the new proposals should go further.

Biba head of compliance and training, Steve White, said: "We are pleased that the FSA has now accepted that insurers should face financial

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