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Answer :
Final answer:
UK-based Independent Financial Advisers (IFAs) who offer services like life assurance or general insurance must be registered with the Financial Conduct Authority (FCA), which is the body that regulates these kinds of financial services in the UK.
Explanation:
UK-based IFAs (Independent Financial Advisers) who offer life assurance or general insurance must be registered with the Financial Conduct Authority (FCA). The FCA regulates financial firms providing services to consumers and maintains the integrity of the UK’s financial markets.
It focuses on the regulation of conduct by both retail and wholesale financial services firms. So, when it comes to insurance matters, whether it's life assurance or general insurance, the appropriate body for registration is indeed the FCA.
Learn more about Financial Conduct Authority here:
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