Will the FSA use identity cards to control who can sell insurance? Well that's the latest rumour about FSA regulation. The talk over Christmas drinks and nibbles is that the FSA will require brokers to show customers an identity card each time they provide a quotation.

The FSA laughed off the idea, when Backchat put it to the mandarins. But wags have suggested that it might just have some merit. After all, it would help to reduce incidents of people impersonating insurance brokers - which could be a heinous crime after January 2005.