Regulation - There may be trouble ahead
With FSA regulation on the horizon, the industry is watching its approach with mixed feelings. While compliance will raise standards, there may be serious knock-on effects, with a loss of knowledge as key brokers leave the sector and a reduction of consumer choice just the tip of the iceberg. Michael Norman reports
On 15 January 2005, the Financial Services Authority will finally take over as statutory regulator of the selling and administration of general insurance. The EU has been attempting to establish
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