Friendly societies will be able to compete in the stakeholder and group health insurance markets now...
Friendly societies will be able to compete in the stakeholder and group health insurance markets now that the Government has promised to ease restrictions on their product development. The alterations to the Financial Services and Markets Bill are expected to be carried through and be law by the second half of this year. At the moment the societies are subject to a list of proscribed activities which means they need to get legislation passed every time they want to provide new services. The changes ensure that list of activities is dropped and instead the societies will have to get permiss...
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