FSA frees up rules for unit-linked investments
The Financial Services Authority (FSA) has set out proposed changes to its ‘Permitted Links’ rules that govern which assets the £650 billion unit-linked insurance sector can invest in.
The current Permitted Links rules have been in place for 13 years and they have not kept up to date with market changes since then. The FSA will replace them with a more principles-based set of rules
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