FSA accused in protection premium row

According to the Association of British Insurers (ABI), the regulator has understood a clause in the Distance Marketing Directive (DMD) to mean providers and advisers must disclose to clients the total premium of a product. However, it says other regulators across Europe are asking firms to tell clients of any hidden charges, such as tax, in the monthly premium only. Advisers say the move will make it even harder to sell an already "undesirable" product while one provider says implementing the changes will cost it upward of £250,000. "We want to ensure a simple directive doesn't becom...