A hard-hitting survey of the UK broking market has found that 86% ofintermediaries believe there will be "substantially fewer brokers nextyear".
The research, commissioned by accountancy firm Mazars, found thatintermediaries expected a big contraction in the sector in the run-up toFinancial Services Authority regulation in 2005. It also found that 36% ofthose surveyed said they were ready to sell their businesses, while 46%said they were keen to acquire.
The survey predicted a drop in the numb
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