The problems with money
Brokers need to be prepared for the forthcoming changes to insurance money rules. David Roberts outlines four areas the industry should be focusing on
In August last year I drew attention to the changes afoot in relation to the regulation of insurance money in Insurance Age. So, what has happened since then?
Responses to the FSA consultation paper were due by the end of November. Some elements of the FSA’s proposals are unlikely to be seen by brokers as controversial, others have provoked some opposition, often reflecting a view that the changes impose costs that are disproportionate to the risks involved.
Be that as it may, there are changes
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