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Biba calls on members to enter transparency fray

The British Insurance Brokers’ Association (Biba) has responded to the publication of the Financial Services Authority’s (FSA) Discussion Paper on transparency, disclosure and conflicts of interest in the commercial insurance market by actively encouraging its members to formally respond.

Chief executive Eric Galbraith said: “Whilst we are disappointed that the lengthy and costly forensic review in 2007 did not bring about closure on these issues, we now contribute again to the debate

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Axa Partners hit with FCA limitations

Following the Which? super complaint, the Financial Conduct Authority has told Axa Partners UK it cannot grow its current customer base without written permission from the regulator.

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