Regulatory burden on brokers is heavier than tax
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 print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Broker
Most read
- Football clubs step up BI court case against insurers
- Insurtech and ESG suggested to be FCA’s next regulatory focus
- Erimus lifts lid on Gallagher deal
- People Moves: 27 June - 01 July 2022
- Claims experts urge brokers to be more transparent and interactive with clients
- Allianz partners with Coalition on UK cyber insurance
- David Howden calls for better self-regulation across insurance