News analysis: Brokers welcome IDD delay
UK brokers did not know what the rules would look like until January this year
The delay to the implementation of the Insurance Distribution Directive (IDD) from February to October this year has been welcomed by brokers and experts across the market.
Neil Campling, CEO of commercial broker ICB Group, described the move as “sensible” while Nikki Carr, chief operating officer of Tempcover, commented: “I was relieved. We were prepared to get everything in place and to do it by the February deadline but we were up against the timescales.”
Unrealistic deadlineMathew Rutter
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