RICS members 'should avoid insurance regs'

Following discussions with Treasury officials last week, RICS representatives say although there is no firm answer at this stage, the professional body is hoping to secure agreement which no longer requires its members be FSA registered in order to sell insurance products in specialist markets. CEO Louis Armstrong argues its 85,000 chartered surveyors would be penalised financially and the market would see reduced competition if its small business members are required to meet FSA regulatory requirements for insurance sales when introduced from January 15, 2005. Any attempts to give RI...