FCA’s Brewis responds to 15-hour training removal pushback
Matt Brewis, director of insurance at the FCA, has responded to the pushback against the watchdog proposing to end the specified minimum hours of training and development required for insurance employees.
The regulator revealed proposals in March to cut the 15-hour requirement, and has held a consultation which closed on 2 July.
At the Managing General Agents’ Association conference yesterday, Brewis shared an update on the latest insights and regulatory developments shaping the market.
One questioner from the audience worried about the potential effect of the proposals, particularly in smaller companies, and that they could lower standards in the industry.
The FCA boss highlighted if a firm is a
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