FSA fines Berry Birch broker over client money breach

The Financial Services Authority (FSA) has taken action against a senior manager of an insurance broking firm in its third action against senior management of mortgage and insurance intermediaries since taking over regulation of the sectors at the beginning of last year. Paul Harrison, chief executive of Berry Birch & Noble Insurance Brokers until May 2006, has been fined £17,500 for breaching client money rules.