ABI shows its teeth in agency cancelling.

A total of 40 independent intermediaries have had their agencies cancelled for failing to complete a...

A total of 40 independent intermediaries have had their agencies
cancelled for failing to complete an Association of British Insurers' code
compliance form, first mailed to them back in December 1996.


Professional Broking reported last month (page 3) that 61 intermediaries
had been sent cancellation notices by the 48 insurers participating in the
ABI's third party monitoring for ignoring two reminders and a final demand
to complete the ABI's review form.


It transpires that 21 of the 61

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Lords Committee ‘unconvinced’ on FCA name and shame proposal

The House of Lords Financial Services Regulation Committee is unconvinced on the FCA’s name and shame plans as it branded the consultation an “abject failure” and urged if concerns have not been addressed in the regulator’s second consultation the proposals should not go ahead.

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