Editor's comment: Client money needs reviewing
Editor Andrew Tjaardstra explains why nobody should be complacent over client money
If the profession was expecting a quiet year after the difficulties of 2009 then it can think again. Already, we have seen Lord Jackson's review recommending the ending of referral fees in personal injury cases and Zurich announcing an increase of 20% in rates on personal motor; meanwhile, the Financial Services Authority has sent a Dear CEO letter with access to a report about client money to both insurance brokers and investment firms. In addition to the letter and report, the FSA has fined
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