UK brokers pay three times more for regulation than any other Euro state

Twenty and fifty pound notes

Biba's Steve White discusses the results with Insurance Age editor Martin Friel

Addressing an audience of MPs, civil servants and Lords at the House of Commons, Mr Galbraith said the research had shown that brokers posed only limited risks to the regulator’s objectives – the potential for low quality advice resulting in the mis-selling of products and the potential for loss of client money – and that the Financial Conduct Authority’s (FCA) future regulation of the sector should reflect this.

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