Broker regulation - Viewpoint: Securing the future

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John Greenway on how, after 23 years as an MP, he is now turning his attention to helping brokers with the new regulatory regime.

Regulatory reform is high on the agenda both in the UK and Europe. After years of dissatisfaction, we have a once-in-a-generation opportunity to create a regulatory framework that works for both brokers and our clients. This must be more than a cosmetic name change with the underlying assumption it will be business as usual. It is an opportunity we must not squander.

The government, after an autumn weighing up responses to its initial thoughts on replacing the Financial Services Authority, will

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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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