FSA factsheet for insurance brokers
The FSA has published a factsheet for insurance brokers. The factsheet is aimed at primary insurance brokers who arrange optional extras for retail customers such as legal expenses, mechanical breakdown and personal accident cover, as part of new general insurance contracts.
The factsheet covers
• the FSA’s research into how small firms offer, explain and confirm optional extras to their customers;
• what is an advised/non-advised sale; and
• details work the FSA will be carrying out in this area in the future.