Biba 2012: FCA uncertainty could damage broking sector
Uncertainty around what the incoming Financial Conduct Authority (FCA) wants from the broking industry is causing the greatest concern in the market and greater clarity must be given before damage is done.
That was the view of a panel of some of the leading brokers in the country who gave delegates at the British Insurance Brokers’ Association (Biba) conference insight into what they thought would have the greatest impact on the industry.
The panel, made up of Gallagher chief David Ross, Lockton CEO, Julian James, Stuart Reid, Bluefin CEO, MD of the Towergate network division, Nick Houghton and Biba chairman, Andy Homer, discussed a range of topics from regulation to e-trading and the economy to
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