BIBA hits out at FSA's fee disclosure proposal
The British Insurance Brokers’ Association has today warned that the Financial Service Authority’s proposed new treatment of fee disclosure to consumers in respect of lower risk or ‘other’ general insurance products represents ‘a licence for the unscrupulous to hide charges’.
BIBA was formally responding to the FSA’s consultation paper 07/11 which puts forward a differentiated approach to insurance conduct of business regulation for protection products and ‘other’ generalOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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