The push for profits, post-regulation
The introduction of regulation went smoothly, according to the Financial Services Authority. It has ...
The introduction of regulation went smoothly, according to the Financial Services Authority. It has authorised more than 13,291 new firms and granted 4839 variations of permission, which combined had about 22,000 appointed representatives. While satisfied that the majority of primary insurance brokers have come under its remit, there is concern about the thousands of secondary intermediaries that have not.
The interim authorisation granted to 941 firms yet to receive a decision on their completed
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