PI costs and regulation to oust lucrative secondary players
Financial Services Authority director of high street firms Sarah Wilson has said the fate of seconda...
Financial Services Authority director of high street firms Sarah Wilson has said the fate of secondary intermediaries now lies in insurers' hands, following low numbers of applications for authorisation, which has caused a headache for the incoming regulator.
Speaking to Professional Broking, Wilson said that, while the FSA was pleased with the number of applications from the primary market: "We are concerned about the low number of firms that have applied from the secondary sector."
She continued
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