News review: May

Former insurance broker turned MP, Andrew Stephenson, described being an intermediary under the labour Government as a "nightmare".

The Pendle MP said that some of the "sledgehammer-to-crack-a-nut legislation" introduced by the Labour Government had motivated him to stand for Parliament. Mr Stephenson previously worked at Manchester-based Stephenson & Threader Insurances - a family-run business he took over from his father and became a partner of - after graduating from university. He has since stepped down from the business. He added: "Brokers have been forced out of business by over-burdensome regulations. The Financial

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: