Financial services companies will no longer be able to insure against FSA fines as the use of such p...
Financial services companies will no longer be able to insure against FSA fines as the use of such policies is being banned by the FSA by the end of the year. However, FSA officials admit they are not actually sure which types of companies - such as insurers, investment firms or IFAs - use these insurance plans because they have never encountered a company being fined which holds such protection. News just out from the FSA is unlikely to particularly affect IFAs, suggests the Association of IFAs, because there are very few advisers holding additional insurance cover to protect the...
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