Rules relaxed for 'home service' insurers

Rules relaxed for 'home service' insurers

The Personal Investment Authority, the financial services watchdog, is relaxing its rules forcing thousands of "home service" insurance sales staff to take tough exams before they contact their clients. Home service staff, selling a narrower range of products, will now be allowed to take a less onerous test. The rule change is expected to benefit Prudential and Pearl, who employ the bulk of home service staff.