Brokers attack weak FSA ruling
Brokers have voiced dismay at the Financial Services Authority's decision not to enforce a statutory...
Brokers have voiced dismay at the Financial Services Authority's decision not to enforce a statutory period of notice for commercial insurers' renewal terms in the final rules.
Although some consider the issue relies on the quality of the broker/insurer relationship, the level of complaints from brokers led to the initial regulatory investigation.
Grant Ellis, managing director of the Broker Network, said: "It is disappointing that the FSA has taken a less prescriptive line than is needed. Unless
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