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Avoiding the pitfalls

With the Financial Services Authority breathing down the necks of brokers, Sarah Hills assesses the pros and cons of outsourcing compliance-based work to consultants

One thing that all brokers have in common is the requirement to be compliant. No matter what their size, which business lines they sell, or which insurers they deal with, the Financial Services

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FCA and PRA turn spotlight on MGA oversight

The Financial Conduct Authority and Prudential Regulation Authority are sharpening their scrutiny of managing general agents, stressing insurers must take primary responsibility for businesses underwriting on their behalf.

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