FSA backed for taking hard line on fraudulent broker
The Association of British Insurers has issued a formal response to the collapse of travel insurance broker Xsavi, which had its permission to trade removed by the Financial Services Authority, pointing out that none of its members were involved.
Nick Starling, the ABI's director of general insurance said: "The FSA's recent action against Xsavi was absolutely right. Here was a firm selling insurance that it did not have to sell. Yet some of
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