Packaged accounts targeted by FSA

Watchdog wants to force banks to check customers are eligible to claim on insurance sold in packaged accounts, as it looks to prevent a mis-selling scandal
Rules governing the sale of paid-for bank accounts could be tightened to prevent another major insurance mis-selling scandal, under proposals from the City watchdog.


The Financial Services Authority (FSA) wants to force banks and building societies to check that customers are eligible to claim on insurance cover before selling it to them as part of a packaged bank account.