Economic strife blamed for not pursuing chartered status
The weak economy has been cited as a factor for not pursuing chartered status, according to an online discussion.
Miles Emblin, insurance expert witness, posted in the Insurance Age LinkedIn group: “I think that the main problem [with chartered status] at the moment is the general financial climate.
“Brokers can't spare the time and time is money. With staff cut down to the bare bones, money being tight and no time available, there is a general drive to curtail extra costs and expenses.”
However, others felt that the poor economy was a reason that brokers should be trying to gain chartered status.
Michael
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