The FSA is writing to credit ratings agency Fitch this afternoon, protesting about what it sees as a...
The FSA is writing to credit ratings agency Fitch this afternoon, protesting about what it sees as a misleading report into the solvency of the UK insurance industry.
The report, which contributed to pushing down insurance company share prices this morning, is said by the FSA to present a distorted picture of the regulator's structure for keeping an eye on insurance businesses.
In particular, the FSA believes that there is no basis for the imputation that it keeps some sort of secret list of insurers that it is particularly concerned about.
Annuity market worth £4bn in 2017
For ‘distress’ caused
Oversees £30bn of advised and D2C assets
Less than a third of top paid employees are women
£1bn business since inception