Some mortgage and insurance brokers have yet to realise that introduction of additional FSA regimes could change their business practices. So Geoffrey Clarkson , chief executive of IFA Professional Services , comments on the introduction of FSA regulation to general insurance and mortgages and what it could mean for novices to the FSA.
For firms operating in the general insurance and mortgage markets, a visit to the website of the Financial Services Authority could be an alarming experience if advisers have yet to notice the extension of the FSA's mandate to general insurance and mortgage products. Changes started in earnest in December 2001 when the government announced that it would be extending the powers of the FSA to include the regulation of mortgage advice and the sale of general insurance products. Such moves had to be enacted as a result of the Insurance Mediation Directive which was approved by the Europe...
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