Politicians and Biba criticise FCA for burden of regulation on insurance brokers.
Craig Tracey, Conservative MP for North Warwickshire, has warned that smaller brokers are being pushed out of existence because they have to spend too much time and money on regulation. Tracey, who previously...
Experts say that brokers taking on appointed representatives need to be aware of the "huge responsibility".
Businesses must have appropriate processes and supervision in place wherever the AR distribution method is used.
Biba boss highlights that with an appointed rep a firm “is lending its regulatory permission to someone else and with that lending its name”.
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