Compliance - the true picture
Alex Broad reports on new research that suggests brokers are still failing to grasp the extent of the risks and costs associated with statutory regulation
A survey of 160 general insurance brokers (of which 29 are ranked in the top 50 by income) conducted by Grant Thornton's Financial Markets Group has shown that, although over 96% of respondents expect to be ready to submit their application to the Financial Services Authority by mid-July, just over half are not expecting their corporate or personal risk to increase.
Ian Gorham, partner, Financial Markets Group at Grant Thornton, believes that brokers are - wrongly - most concerned about
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