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Editor's letter: March 2019

Theresa May

With Brexit day on the horizon, brokers are planning and preparing

The world of insurance was invoked in the latest (at the time of going to press) PM’s Question Time with Theresa May uttering the word ‘simples’ in an attempt to disparage her opponents.

I imagine we all collectively cringed when she resorted to using the catchphrase of an imaginary meerkat which is used to promote a price comparison website to shore up her argument at a time of national crises.

Despite the differences between the remainers and the Brexiters I think we can all agree that

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FCA proposes 1.4% fee rise for broker block

The Financial Conduct Authority is consulting on raising levies from brokers by 1.4% in 2026/27 – double its annual budget increase – as it also laid out its work programme going into the second year of its five-year strategy.

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