Opinion: Ann Peel on staying compliant with client money rules
The trouble with client money: One Call’s fine has put the rules back in the spotlight and brokers should be ready for scrutiny, says Ann Peel
The recent cases against One Call Insurance Services and its chief executive have highlighted real and significant consequences for insurance intermediaries that do not follow the Financial Conduct Authority (FCA) client money rules.
In the FCA’s view, One Call had failed to handle client money appropriately in the past. Whilst the failures might have been the result of honest mistakes, it has to be said that firms have had ample opportunity to put in place the correct permissions, systems and
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Aviva to open branches in Chelmsford and Southampton
- Pen inks £150m social housing capacity deal with SiriusPoint