Client money "most important"
The handling of client money is a huge issue for insurance brokers, as the Financial Services Author...
The handling of client money is a huge issue for insurance brokers, as the Financial Services Authority prepares to begin its review of 200 retail and wholesale firms in the second half of the year. More guidelines from the FSA have been sent out in a Guide to Client Money for General Insurance Intermediaries.
A spokesperson at the FSA said: "Client money is the FSA's most important principle because of the damage and loss to the consumer if it isn't there." He added: "It is vital to get it right
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