News analysis: Brokers urged to check FCA warnings
Regulator’s list of unauthorised firms is “useful and accessible” for brokers, says compliance expert
Brokers have been urged to keep up to date with warnings published by the Financial Conduct Authority (FCA) on its website.
In a bespoke section the regulator’s statements names firms and warns consumers against dealing with unauthorised companies. The list often includes general insurance businesses and as such has value for brokers too.
Branko Bjelobaba, managing director of Branko, commented: “Every time I stand in front of brokers I tell them to look at the FCA website every day.”
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