Broker Exchange: Regulation deluge impacting some brokers’ survival chance

Regulation

Expert compliance panel at Broker Exchange deliver some hard truths to delegates about the burden of current and future regulation

“Sometimes I feel that the regulator is out of touch, that they are nearly on another planet. They need to understand reality.”

So said compliance consultant Branko Bjelobaba at the Compliance and Regulatory Update panel session at Broker Exchange where he was joined by David Sparkes, head of compliance and training at the British Insurance Brokers’ Association (Biba) and Jonathan Swift, director of content at event host, Insurance, at InfoPro Digital.

Surge
Discussing the impact that the

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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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