Norwich Union and PriceWaterhouseCoopers have developed an online checklist for intermediaries to help them assess whether they are fully compliant with Financial Services Authority (FSA) regulation.
The decision to launch the joint venture came after the two firms revealed that many brokers still have a number or regulatory issues and concerns that could indicate non-compliance if scrutinised by the regulator. Steve Edwards, broker development executive at Norwich Union, said: "While on the surface they may seem to conform, from working closely with brokers we are anxious that a visit from the Financial Services Authority could reveal some problem areas." The checklist is available at www.norwich-union.co.uk/ebroking.
