More than 'token gesture' required for mis-selling insurers, claims Biba
The British Insurance Brokers’ Association has responded to the latest Financial Services Authority’s funding consultation by calling for insurers to be re-introduced to cross subsidies in more than a token way in the Financial Services Compensation Scheme.
The consultation follows demands from Biba that the FSA re-consults on the issue of insurer cross subsidies because of the "unfair financial burden" on brokers.
The original FSA proposal would have
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