UK: IIB establishes new trade body
Article Abstract:
The Institute of Insurance Brokers' Regulatory Council has been established by the Institute of Insurance Brokers to compete against the General Insurance Standards Council (GISC), whose rules have been deemed anti-competitive by the Competition Commission following a challenge led by the IIB. Only professional insurance broking practices will be regulated by the new trade body, not intermediaries who fail to meet the standards, retailers who also sell insurance, tied agents or direct dealers. The GISC remains supported by some insurance industry officials, however, who claim it is in the consumer's best interests and has industry support.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: ABI APPOINTS RAISING STANDARDS PROJECT DIRECTOR
Article Abstract:
Stuart Tragheim has been appointed project director of the Raising Standards scheme by the Association of British Insurers (ABI). The Raising Standards scheme is aimed at improving comparability and clarity of information, quality of service and the appropriateness of the product bought. Mr Tragheim's main responsibilities lie in completing the customer satisfaction standard, providing support and advise for members as they work towards implementing the standards and continuous development of liaison with ABI members.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: SCOTTISH AMICABLE AND PRUDENTIAL IN JV
Article Abstract:
Scottish Amicable and Prudential, UK insurers, will set up Scottish Amicable Financial, a jv independent financial adviser (IFA) division, resulting in a joint team of 166 broker consultants, subject to the approval of the Personal Investment Authority. Although part of the Prudential group, Scottish Amicable has been operating independently. No jobs are expected to be lost.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2000
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