Regulation costs three times more in UK than rest of EU

Red tape

The trade body commissioned research from Charles Rivers Associates and London Economics to try to get a grasp of how proportionate the regulation that brokers labour under is and the research threw up three main points.

Firstly, the research found that the risk brokers pose is limited – it noted the potential for low quality advice resulting in the mis-selling of products and the potential for loss of client money. Secondly, that the direct and indirect cost of regulation for brokers in the UK

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