Britain’s Financial Services Authority (FSA) is investigating two insurers over failings in their with-profits operations and has warned several others to make changes or face possible fines, it said on Tuesday. Some of the firms did not have adequate governance arrangements for their with-profits funds, while others were not doing enough to help customers understand their policies, the watchdog said.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio