Heed the alarm: Top five warnings for brokers
Following the warnings from PwC that brokers must take on a more risk advisory role we examine other times the alarm was sounded in the broking market.
1."Cancerous" credit hireBack in 2010 the market was firmly told by motor journalist and Top Gear alumni Quentin Wilson that, if the industry does not address the issue of credit hire, it will get even more "cancerous" and ultimately ruin the insurance industry's reputation.
2. FCA fears
Prior to its set up in 2013 brokers were told to expect the Financial Conduct Authority to be an organisation that looks at the windscreen and not the rear view mirror. They were warned the regulator would
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