With the FSA setting the wheels in motion on its regulation changes and Treating Customers Fairly initiative, Sam Barrett finds out what the effects will be on the protection market
Ever since it was announced that the Financial Services Authority (FSA) would regulate the insurance industry, the body has been keen to ensure the level of regulation was commensurate to the risk posed to the consumer. To achieve this, it has constantly reviewed the market and the rules in place, making changes wherever necessary. Here are some of the main areas of the FSA's regulatory review that will affect the protection market. ICOB The FSA's review into the effectiveness of its general insurance conduct of business (ICOB) regime continues apace, with the findings of the first phase...
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