FSA refuses to re-examine broker liability under FSCS
The Financial Services Authority has ruled out reconsulting on its decision to place unlimited liabi...
The Financial Services Authority has ruled out reconsulting on its decision to place unlimited liability on brokers under the Financial Services Compensation Scheme.
The Institute of Insurance Brokers has called for the FSA to look again at its proposals after receiving letters of concern from around 500 brokers.
Compensation arising from insurance mediation will be unlimited for eligible individual claimants, in contrast to the £48,000 limit for both independent financial advisers and mortgage
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