Optimism up in broker sector
Research finds unexpected fall in profitability but profits expected to recover in next quarter.
The latest Financial Services Survey from the CBI and PwC has revealed an increase in optimism among insurance brokers in the three months to December 2013.
The joint survey by the accountancy firm also found that business volumes for brokers had increased at the fastest pace since March 2009.
A similar rate of growth is expected for the first quarter of 2014.
Employment numbers among brokers "grew robustly" according the survey data and a stronger rise is expected for the next three months.
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