FSA consults on overhauled client money rules for insurance intermediaries

The FSA has issued a consultation paper on significant changes to the Client Money Rules in CASS 5 which apply to insurance intermediaries. The proposed changes will be of significant interest both to intermediaries themselves, and to insurers, whose contractual relationship and payment terms with intermediaries will be affected by the changes.  Our briefing provides a guide to the proposed changes and considers the practical impact for intermediaries and insurers.