Regulatory burden on brokers is heavier than tax

Biba chief executive Eric Galbraith

The warning follows research launched by Biba which has identified that the current regime appears disproportionate and inappropriate and that costs for brokers in the UK are three times higher than the next most expensive EU state.

Eric Galbraith, Biba’s chief executive called on the Government to ensure that the new financial regulator, the Financial Conduct Authority (FCA), puts the right regulation in place: “We have succeeded in persuading the policy makers that the insurance sector is not

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 [email protected].

You are currently unable to copy this content. Please contact [email protected] 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

If you already have an account, please sign in here.

To continue reading...

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: