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Close moves to reassure customers

Close Premium Finance has moved to reassure brokers that its lending facilities remain unaffected by the global credit crunch currently impacting financial markets.

Tim Wilson, sales & marketing director at Close Premium Finance, said: “As inter-bank lending is the source of funds for much business and personal lending in the UK, both companies and individuals

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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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