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As I was travelling to Sun City for the IISA conference earlier this year I was passed by a Porsche Cayenne. Judging by the number plate – which was a mnemonic for one of the local insurance companies – the car belonged to somebody in the local insurance industry. Yet insurance is not considered a glamorous profession...
Website Wikipedia.org says that “toeing the line” is an idiomatic expression meaning to conform to a set of rules or standards. The recent study on the cost of compliance, undertaken by FAnews and The Institute of Practice Management, is the first attempt to quantify the cost to financial services providers (FSPs) of “toeing the line”.
From Monday to Thursday each week FAnews publishes a newsletter dealing with news and events relevant to stakeholders in the financial services industry. Our readers are intimately involved with financial services products, compliance and advice and have strong views on issues that affect them…
Outcome 5 of Treating Customers Fairly (TCF) requires that consumers are provided with products that perform as firms have led them to expect and that the associated service is of an acceptable standard.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?