TopCashBack - No insurance

Sting_2

I was looking at TopCashBack this morning and notice the following message when I logged in....

Latest News: Due to FSA regulations, we will be removing insurance products from our site.
We've also taken the decision to remove gambling and gaming sites.
We hope this will be a temporary measure, and will inform you on the return of these merchants.

Does anyone know what these FSA regulations are? and whether it might be a 'temporary measure' or not?

I notice other cashback websites (freefivers) are still offering cashback on insurance.

Astaroth

Not temporary, has been in effect since Jan 2006

To be able to promote or advise on insurance you must have gotten authorisation from the FSA. There is an ongoing argument that by giving people cashback for purchasing from one company over another that you are promoting that company and therefore must have FSA authorisation to do so.

I hadnt heard that any of the cashback companies had withdrawn their offerings yet but a number of insurers have warned their affiliates of the above and that the affiliates would be answerable to the FSA for their criminal activity should the FSA deem that cashback is a form of promotion. Obviously topcashback has decided they arent willing to take the risk