Compliance will 'strangle profit' claims broker survey

Over 85% of brokers think compliance will have a negative impact on their profit for the coming financial year, according to a recent survey.

A further key finding from the Mazars' Insurance Broker Industry Survey Report, produced in conjunction with the British Insurance Brokers' Association (Biba), which will probably not come as a shock to many brokers, is the fact that 67% of brokers now consider the work required to satisfy regulations introduced by the Financial Services Authority (FSA)

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