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Another month goes by with bad news for brokers - this time Zurich's decision to join the commission...

Another month goes by with bad news for brokers - this time Zurich's
decision to join the commission drain and cut brokers' rates on employers'
liability and small business policies. The decision to decrease the rates
on small business products is particularly depressing, with Zurich paying
less on the grounds that its automated small business centres make the
process so easy that the brokers' role is reduced to a phone call.


Brokers should not give up hope altogether, however, as other stories
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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.

Aviva responds to Direct Line’s £10.6m fine

Aviva has confirmed it was fully aware of the ‘historical’ accounting errors that have led to the Prudent Regulation Authority hitting Direct Line Group with a £10.6m fine and stated there will be no impact on the integration or the financial benefits it expects from the takeover.

PRA fines Direct Line underwriter £10.6m

The Prudential Regulation Authority has fined UK Insurance Limited, a subsidiary and principal underwriter of Direct Line Group and now part of Aviva, £10.625m for a miscalculation of its Solvency II balance sheet during 2023 and 2024.

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