New rules on NEDs spark broker concern


Brokers are concerned about how the changing role of non-executive directors (NEDs) is going to impact on their ability to find good people to take on the positions.

Indeed the British Insurance Brokers’ Association (Biba) revealed its members have raised worries that changes to the way the Financial Conduct Authority (FCA) oversees the role of NEDs could hit their businesses.

Steve White, Biba chief executive, told Insurance Age: “Our bigger members tell us that the FCA’s oversight of approved

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