The Financial Services Compensation Scheme (FSCS) has set the 2010/11 general levy at £148m with brokers being hit by more than £60m of that.
Brokers have been warned that the lack of a clear winner in the UK's forthcoming general election is the biggest threat to the green shoots of economic recovery.
Despite the Chancellor's u-turn on the imposition of IPT on intermediary fees, brokers have been warned that they may still apply to add on policies such as legal expenses and breakdown cover.
The Irish Financial Regulator's decision to stop Quinn Insurance writing new business in the UK could kick-start a return to a hard market, industry experts have claimed.
The British Insurance Brokers’ Association has said it is “delighted” that changes which enable the electronic delivery of motor insurance certificates to customers are about to become law.
Biba and the IIB have both expressed satisfaction following the publication in today's Budget of the final legislation extending the scope of Insurance Premium Tax (IPT).
The British Insurance Brokers’ Association (Biba) has today (19 March) announced that its Private Medical Insurance (PMI) Group will broaden its remit to include areas such as income protection, critical illness, and group life insurance as well as PMI.
Eric Galbraith, chief executive of the British Insurance Brokers' Association (Biba), has criticised the Financial Services Authority's (FSA) approach to adequate resources.
If you missed yesterday's live Post webinar debating the recently launched Aldermanbury Declaration it is now available for viewing on-demand.
As part of PB's Investing in the Profession Campaign, Post magazine is hosting a live, interactive, online debate today at 3.30 on the latest professionalism initiative - The Aldermanbury Declaration.
Since the Chancellor made his announcement on extending insurance premium tax in December, nothing much more has happened. Should we be charging IPT to brokers' fees or doing nothing until there is a further government statement?
Brokers are at an increased risk of litigation if they fail to keep a detailed record of all e-communications for an adequate amount of time, according to legal experts
Broker trade bodies have warned that the current revamp of European law may lead to commission disclosure becoming mandatory in the UK
Brokers could be forced out of business as a result of huge financial demands in the shape of a £70m levy made by Financial Services Compensation Scheme (FSCS) and a significant increase in minimum Financial Services Authority (FSA) fees
Guiding clients through the claims process is a crucial element of broker service. Louise Meeson explores the role of the intermediary and the benefits of guaranteeing a reliable claims service
The British Insurance Brokers’ Association (Biba) said it is disappointed with the Royal Institution of Chartered Surveyors (RICS) final report Transparency in professional fees.
The British Insurance Brokers’ Association (Biba) is to host a pre-election forum at the City of Manchester Stadium on 25 March 2010.
The British Insurance Brokers’ Association (Biba) has criticised the Financial Services Authority’s (FSA) consultation paper CP10/05 which suggests raising the minimum fee from £450 to £1,000
Bank Santander, through its brand Abbey for Intermediaries, has encouraged mortgage brokers to "exploit" the general insurance market, cutting premium levels in the home insurance sector in order to secure market share
The British Insurance Brokers' Association (Biba) has welcomed Harris Balcombe, insurance claims specialists, into associate membership
A proposed change in legislation to protect consumers could be good news for the public, insurers and brokers, writes Emmanuel Kenning
The Government's surprise IPT ruling has caused uproar among the broking community as concerns mount over the sharing of commercially sensitive information. Martin Friel reports