Picking up the tab
Independent regulation is an essential part of any industry open to fraud or corruption but, as Liz Booth explains, the true cost of FSA regulation, its effect on companies of different sizes and who is essentially picking up the tab for others is less obvious
With the regulation of insurance brokers well and truly bedded in, brokers are beginning to take stock of the effects of regulation, assessing its true cost and weighing up the benefits it has brought.
Some brokers agree that the Financial Services Authority (FSA) has provided a courteous and professional service, willing to offer advice where needed. But inevitably there have been some issues as well. Brokers are still pushing for a level playing field, arguing that regulation should be applied
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