Brokers hit by huge postal charge rises

Some brokers are being hit by a 25% hike in postal costs, Insurance Age has learnt, as a direct result of the additional paperwork needed to be sent to clients under the Financial Services Authority's (FSA) regulatory regime.

One exasperated broker commented that before regulation his firm was able to get most of the required paperwork in a standard sized envelope sent out 2nd class (now 21p). However, with the advent of FSA regulation, the amount of paper sent to the client meant that the weight

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