Interim report confusion
Q. The FSA are looking at ICOB rules for brokers again. Will all the hoops we had to jump through be taken away?
Ian Ritchie, Managing director, RW Associates
The Financial Services Authority has issued an interim report with further information to follow in June. This suggests that disclosure documentation requirements, particularly in respect of motor and household insurances, may well be reduced. Their report finds that in many cases, people do not read all of the documentation, and buy mainly on price. No doubt this will not come as earth shattering news to many brokers.
It may be that the outcome is
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