Divided we fall.

If the Treasury thought that announcing the repeal of the Insurance Brokers Act 1977 and the aboliti...

If the Treasury thought that announcing the repeal of the Insurance
Brokers Act 1977 and the abolition of the Insurance Brokers Registration
Council would sort out regulatory divisions within the broking and
intermediary market, it could not have been more wrong.


The market now knows that the IBRA will go, but can only guess at when it
will actually happen. The Council is ceasing its operations as of 31
October, nobody knows whether anything will replace it and the Act will
still be in place after

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FSCS gives first insight on increasing levy to £394m

The Financial Services Compensation Scheme has indicated its levy for 2025/26 will rise to £394m from £265m this financial year as it cited having lower surpluses to carry forward and offset bills – a factor that has benefited brokers for two years in a row.

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