Travel agents fall to FSA

Dumping thousands of travel agents in FSA “skip” will dilute regulator

The Financial Services Authority (FSA) has officially given a cautious response to the government’s announcement that it will have to regulate travel agents selling insurance policies from January 2009. The government’s u-turn on its 2003 decision to exclude travel agents from the new FSA regime will add potentially several thousand firms to the FSA’s existing number of around 30,000 firms.