Exclusive - Ombudsman delay for brokers.
Under the proposals for new regulatory body the General Insurance Standards Council, brokers and int...
Under the proposals for new regulatory body the General InsuranceStandards Council, brokers and intermediaries are likely to be given a
year's grace before they have to join the new Financial Services Ombudsman
Scheme.
Following a widening of the Insurance Ombudsman Bureau's membership
criteria in 1998, brokers and intermediaries have the option of joining
the IOB's scheme, but under GISC proposals they will be required to join
the new FSOS.
However, Walter Merricks, the newly appointed Financial
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