General Insurance
The extension of FSA regulation to general insurance mediation in January 2005 has brought many firms, large and small, into the regulatory net for the first time.
We have assisted new entrants with their applications for authorisation and can provide a range of ongoing support tailored to the very different needs of different types and sizes of intermediary. We have also carried out a number of larger-scale compliance reviews for insurance firms.
Client money has been – and remains – a particular focus for the FSA in the insurance mediation sector. We have helped a number of firms with client money procedures and reviews of their arrangements.
Payment Protection Insurance is another continuing FSA priority, with a number of enforcement cases completed and others in the pipeline. We can help firms review their performance in this area and make improvements where necessary.