Six months and counting for general insurance

However, jumping the gun slightly, the FSA set yesterday, 13 July, as the deadline for receiving applications for which it would guarantee authorisation by the start of the new regime. Applications will still be processed, but without that guarantee – which could make for an interesting mid-January break for those businesses that have failed to meet the deadline. Betting on getting authorisation in time may be a struggle, however, as the FSA said last month it was having difficulties getting all relevant information from those businesses that had already put forward applications. ”...