The challenge of adding value

Developments in the industry should be seen as providing opportunities to brokers rather being regarded as threats

Rather than dwelling on the challenges facing brokers as threats to survival, it is time to acknowledge the opportunities they present.

New regulation, market entrants and distribution channels are commonly seen as conspiring to threaten the viability of the broker, with many quick to assume the worst.

While smaller intermediaries are commonly thought to yield to pressure first, in fact, larger provincials have been the ones to change first and there is no single definitive factor pointing to the

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Biba 2024: FCA to take its time on transparency proposals

Emily Shepperd, chief operating officer of the Financial Conduct Authority, has said the regulator was “overwhelmed” at the response and amount of feedback to its transparency proposals, and that it is going to “really take our time” when considering any possible next steps.

FCA warns on Tempcover clone

The Financial Conduct Authority has issued a warning of fraudsters trying to scam people by pretending to be short-term car insurance specialist broker Tempcover including on TikTok.

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