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Tiner calls for insurance reformFSA chief executive John Tiner is calling for reform in the insurance industry, warning that unless brokers and insurers change their practices, they face enforced change. Speaking in New York, Tiner hit out at the handling of commercial insurance contracts, telling his audience that the FSA wants to see the end of the practice of “deal now, detail later” because the lack of certainty at the time of signing commercial contracts creates risks for policyholders, insurers and brokers.


Crombie admits policy failure

Standard Life chief executive Sandy Crombie has admitted to a panel of MPs that demutualisation is a result of poor management decisions rather than the fault of regulation.

Brownian motion

This week I am going to interrupt my treatise on the use of property in inheritance tax planning, following the introduction of the pre-owned asset rules, to take a look at the few aspects of the Chancellor’s pre-Budget report that are of direct or indirect relevance to the financial services sector.


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