Opinion: Mike Cranny on regulation
Uncertain times: Parliament and the regulator have been busy recently, but the best best way to cope with the uncertainty is “business as usual”, says Mike Cranny
When the UK voted for Brexit the Financial Conduct Authority (FCA) said it was “business as usual”, and this is the best advice for brokers in what will be a very uncertain year – one with plenty of important consultations.
General insurance has been under regulatory pressure for the last few years, from Parliament with the Insurance Act, from the Competition and Markets Authority and from the FCA with add-ons, renewal pricing, complaints rules and appointed representatives.
This year will
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