Skilled sales staff needed for CTI in 2009
Employers will be required to seek skilled candidates for their connected travel insurance sales recruitment under new rules announced by the Financial Services Authority (FSA).
New regulations, set to come into force on January 1st 2008, were set out in a Policy Statement published by the regulatory authority on May 29th.
Under the new FSA rules firms offering CTI products, which were previously unregulated, will only be allowed to be sold by sales jobs employees that are appropriately trained.
Director of retail policy and themes at the FSA, Dan Waters, warned firms that they need to make sure they are fully prepared when the rules come into force in seven months time.
He said: "We start accepting applications next month and firms are advised to apply early to ensure that they are ready in good time for the start of the new regulation next January.
"Our rules are designed to put in place a proportionate, risk-based regulatory regime for these sales of travel insurance, securing protection for customers."
With consultants dedicated to Insurance Sales, Aaron Wallis have relationships with many of the major Insurance employers and recruit Insurance Brokers, Risk Managers and corporate sales professionals. For Insurance Sales Recruitment services visit: www.aaronwallis.co.uk
Filed: 30-05-2008
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