The industry has its say.
The Treasury has received a substantial response to its call for submissions on the future of the IBRC. Tim Collison considers how the trade bodies' arguments stack up on this crucial issue.
Nobody could claim that the broker market has failed to take anactive interest in its regulatory future. By the deadline for submissions
on the future of the Insurance Brokers Registration Council (29 May), the
Treasury had received 20 responses from organisations (both trade and
professional) and "many more" from brokers, intermediaries and other
interested parties.
Of those submissions that have been made public, many fall into the
"abolish the IBRC" camp. This is not to say that they want the
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