FSA to regulate all travel insurance
The Economic Secretary to the Treasury, Ed Balls, today announced that the Government intends to give the Financial Services Authority (FSA) the responsibility for regulating the selling of travel insurance sold along with a holiday. The FSA at present only regulate travel insurance sold on a stand-alone basis.
Ed Balls, Economic Secretary said:
“Twenty million people are buying travel insurance each year, and some are putting themselves and their families at risk by buying travel insurance that may not
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