Polly C - the hottest insurance gossip
The regulatory oar It's no secret that the regulator is taking a more intrusive approach to its duties but word has reached Polly that a number of larger broking firms have been receiving particular and rather costly attention.
The FSA can issue what are known as section 166 notices, which require a firm to hire an FSA-approved company (think the big accountants) to thoroughly check their work. Not a cheap process one imagines. But if Polly's source is right, these notices have been served on a number of our larger broking friends, a cost they could no doubt do without at the moment. What is missing from Polly's knowledge though are the names of the unfortunate souls labouring under the notices -answers in an email
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