Regulation preventing brokers from growing their businesses

The survey asked brokers to consider the time pressures that being compliant brings to their business life. Nearly one third (31%) estimated that they spent between three and eight hours a week on regulatory tasks while a further 39% spent between one and three hours on such tasks.

When asked how much of this regulatory work was directly relevant to the development of their business, nearly 70% indicated that 0-20% of the regulatory work was relevant.

But it was the statistic that the