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News analysis: Is it time for a regulatory rethink?

Regulation

Regulation is stifling broker competition and innovation according to Biba, as regulators now face a House of Lords inquiry.

The British Insurance Brokers’ Association has picked the theme ‘managing risk’ for its 2022 document, which takes in a number of key issues including the hard market, IPT and regulation.

In this year’s edition, the body has broken with tradition and not included a section on regulation. However, this does not mean it is ignoring the issue. Regulation is a topic that is woven through the entire document to highlight the impact of regulation on regional brokers and warn how far-reaching the

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FCA warns on fake letters

The Financial Conduct Authority has warned of fake letters claiming to be from deputy CEO Sarah Pritchard and referencing a fake FCA employee.

FCA proposes 1.4% fee rise for broker block

The Financial Conduct Authority is consulting on raising levies from brokers by 1.4% in 2026/27 – double its annual budget increase – as it also laid out its work programme going into the second year of its five-year strategy.

ManyPets confirms social media clone

Pet insurance managing general agent ManyPets has confirmed a customer was contacted by an X account impersonating its brand and has issued a warning on how increasingly convincing scammers can appear.

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