Getting brokers out of the dark

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Helen Devery at BLM calls for collaboration between brokers and insurers

Last month we released the results of our inaugural Broker Pulse Survey which questioned the broker community about five current industry issues.

The Q1 Broker Pulse highlighted that 70% of brokers felt that they had not been provided with enough information around the Insurance Act in order to assist their customers.

Concern
The main areas of concern are around disclosure and the duty of fair representation but the briefings indicated that there is still some uncertainty about who is

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FSCS gives first insight on increasing levy to £394m

The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.

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