FSA certain over contracts as it hails industry effort
The Financial Services Authority has heralded the insurance industry's effort to achieve contract ce...
The Financial Services Authority has heralded the insurance industry's effort to achieve contract certainty as evidence market-based solutions - rather than further regulation - can be successful.
Last week, the FSA reported that 90% of contracts in the subscription market and 88% in the non-subscription market are now achieving contract certainty, with the threat of further rulebook changes receding in the short term.
Chief executive of the FSA John Tiner said: "This work has demonstrated the
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