FSA tells general insurance intermediaries no excuse for failing to protect client money
The Financial Services Authority (FSA) said that general insurance intermediaries holding client money have no excuse for failing to protect it adequately after recent work found that those who used its new Client Money Guide showed a marked improvement.
Between September and December 2006 the FSA conducted its third phase of client money work visiting 161 general insurance intermediaries. Results showed that most intermediaries in the sample who had
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