AR network leaders welcome thematic review findings
Biba boss highlights that with an appointed rep a firm “is lending its regulatory permission to someone else and with that lending its name”.
James Sharp, business development director at Ten Insurance Services, has confirmed that the network was not one of the five unnamed firms impacted by the Financial Conduct Authority's (FCA) direct action following its thematic review.
The watchdog announced today that its investigation into appointed representatives in general insurance had uncovered "significant shortcomings" around control and oversight.
Condemnation
In a withering condemnation of many aspects of the market the FCA highlighted
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