general insurance

Introducers passing on mortgage business leads will not be required to be regulated under the FSA regime in certain cases but all other types of regulated financial business will require introducers to hold FSA authorisation, according to guidance from...

Consumers who fall into the Financial Services Compensation Scheme could receive a maximum potential compensation of £48,000 should a mortgage or insurance intermediary firm collapse - the same as a claim for an investment firm.

Eight out of ten insurance intermediaries have yet to register with the FSA - let alone complete an application form - ahead of the introduction next year of rules governing non-regulated insurance products.

The Association of Mortgage Intermediaries is launching a factsheet to help mortgage intermediaries understand the changes facing them when the FSA regime comes into force later this year.

Consultant Grant Thornton says a survey of 160 general insurance brokers, including 29 of the top 50 income earners, has found most are ignorant of the corporate and personal risks that regulation under the FSA will bring.